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Company X Sells $400 of Merchandise on Account to Company

Question 212

Multiple Choice

Company X sells $400 of merchandise on account to Company Y with credit terms of 2/10, n/30. If Company Y remits a check taking advantage of the discount offered, what is the amount of Company Y's check?


A) $280
B) $392
C) $360
D) $320

Correct Answer:

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