Multiple Choice
Banner,Inc.purchases $45,000 of merchandise from a vendor with credit terms of 2/10,n/30.Assuming that Banner pays within the discount period,the total cost of the inventory is ________.
A) $45,900
B) $45,000
C) $40,500
D) $44,100
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q198: In a time of rising prices,the main
Q199: Which statement below is TRUE about the
Q200: Which statement below is Strength in controls
Q201: A vendor offers terms of 3/10,n/30.What is
Q202: The periodic inventory system is a record
Q204: Compare and contrast the perpetual and periodic
Q205: If ending inventory is overstated,the error will
Q206: A purchase allowance is a record of
Q207: Which of the following would be an
Q208: On May 27,Ace Electronics ordered merchandise from