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Sagot :
The net cost of the goods will be $9880 as the company pays it back within the discount period.
Procedure:
5/100×10400
1/20×10400
10400/20 = 520
10400-520 = 9880
What are credit terms?
Credit terms are the installment terms referenced on the invoice at the hour of purchasing products. It is an arrangement between the purchaser and dealer about the timings and installment to be made for the products purchased on credit. It is otherwise called payment terms, these include information like discount price, due date etc.
Discount Period :
A discount period is how much time a money discount is accessible for a client to make a diminished money installment while or after taking credit. In other words, this is the time span that a merchant will diminish the cost of an item on the off chance that the client will pay for it in real money.
Know more about discount here:
https://brainly.com/question/15208981
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