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  3. Study Set
    Financial Accounting Information for Decisions
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    Exam 4: Reporting and Analyzing Merchandising Operations
  5. Question
    A Company Purchased $8,750 Worth of Merchandise,with Terms of 2/10,n/30
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A Company Purchased $8,750 Worth of Merchandise,with Terms of 2/10,n/30

Question 77

Question 77

Short Answer

A company purchased $8,750 worth of merchandise,with terms of 2/10,n/30.The invoice was paid within the cash discount period.Accordingly,the company received a cash discount of _______________.

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