Solved

Mindful Corporation Sells Merchandise on Account for $5,000 to Absent

Question 18

Multiple Choice

Mindful Corporation sells merchandise on account for $5,000 to Absent Corporation with credit terms of 2/10, n/30.Absent returns $750 of merchandise that was damaged, along with a cheque to settle the account within the discount period.What is the amount of the cheque?


A) $4,900
B) $4,250
C) $5,000
D) $4,165

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions