On February 20, 2023, LIME COrporation sold merchandise with a list price of ₱ 150,000 to Durian on account. Lime allowed trade discounts of 30% and 20%. Credit terms were 2.15, n/40 and the sale was made FOB shiiping poiny. Lime prepaid ₱ 6,000 of delivery costs for Durian as an accomodation. What amount should Durian remit to LIME as full payment of March 7, 2023? A. ₱ 82,320 B. ₱ 88,200 C. ₱ 88,320 D. ₱ 94,200
On February 20, 2023, LIME COrporation sold merchandise with a list price of ₱ 150,000 to Durian on account. Lime allowed trade discounts of 30% and 20%. Credit terms were 2.15, n/40 and the sale was made FOB shiiping poiny. Lime prepaid ₱ 6,000 of delivery costs for Durian as an accomodation. What amount should Durian remit to LIME as full payment of March 7, 2023? A. ₱ 82,320 B. ₱ 88,200 C. ₱ 88,320 D. ₱ 94,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On February 20, 2023, LIME COrporation sold merchandise with a list price of ₱ 150,000 to Durian on account. Lime allowed trade discounts of 30% and 20%. Credit terms were 2.15, n/40 and the sale was made FOB shiiping poiny. Lime prepaid ₱ 6,000 of delivery costs for Durian as an accomodation.
What amount should Durian remit to LIME as full payment of March 7, 2023?
A. ₱ 82,320
B. ₱ 88,200
C. ₱ 88,320
D. ₱ 94,200
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