menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 9: Current Liabilities, Contingencies, and the Time Value of Money
  5. Question
    If a Company Purchases $3,200 Worth of Inventory with Terms
Solved

If a Company Purchases $3,200 Worth of Inventory with Terms

Question 79

Question 79

Multiple Choice

If a company purchases $3,200 worth of inventory with terms of 3/10,n/30 on March 3 and pays March 12,then the amount paid to the seller would be


A) $96.
B) $3,104.
C) $3,200.
D) None of these are correct.

Correct Answer:

verifed

Verified

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

Related Questions

Q74: A company's weekly payroll amounts to $50,000

Q75: You are interested in accumulating $10,000 so

Q76: A company has $8,000 in cash,$9,250 in

Q77: What is the purpose of the current

Q78: To calculate the future value of an

Q80: Hanover,Inc.<br>Use the selected data from the

Q81: Executive,Inc.has a weekly payroll of $10,000 for

Q82: A note payable that is due in

Q83: Which of the following statements about current

Q84: On July 1, 2017, Morningside Co. borrowed

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines