IDNLearn.com is designed to help you find accurate answers with ease. Join our platform to receive prompt and accurate responses from experienced professionals in various fields.
Sagot :
Account credited by Flounder Company to record the return would be $23,030.
The terms 2/10, n/30 means that if the amount is paid in maximum 10 days, the client will receive a 2% discount. If he/she doesn't make the payment in this period, the total amount has to be paid within 30 days.
As Flounder Company returned merchandise with an invoice amount of $8,600, you have to subtract this amount from the initial value of the merchandise they purchased:
$32,100-$8,600= $23,500
Then, you have to calculate the 2% discount they will get from the $23,500 for paying the invoice within the discount period:
$23,500*2%= $470
$23,500-$470= $23,030
According to this, the answer is that the amount of cash required for the payment is $23,030.
To see more explanations on how to calculate amount of cash required for the payment, visit - https://brainly.com/question/16866922
#SPJ4
We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your questions are important to us at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.
