Skyline Electronics sells goods on credit. On one sale, they sold goods for $30,000 and offered a 2/10, net 30 payment option. Four days after the sale, the customer complained, and they allowed a $2,000 sales allowance. The customer paid the net amount within 9 days after the sale. The cash proceeds received by the seller are: a. $30,000 b. $28,000 c. $27,440 d. $27,460

Skyline Electronics sells goods on credit. On one sale, they sold goods for $30,000 and offered a 2/10, net 30 payment option. Four days after the sale, the customer complained, and they allowed a $2,000 sales allowance. The customer paid the net amount within 9 days after the sale. The cash proceeds received by the seller are: a. $30,000 b. $28,000 c. $27,440 d. $27,460

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 5P: A chain of appliance stores, APP Corporation, purchases inventory with a net price of 500,000 each...

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The cash proceeds received by the seller are?
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