If Bounder Dog Supplies, Inc. purchased inventory at $1,500 list price and the terms were 3/10,...

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If Bounder Dog Supplies, Inc. purchased inventory at $1,500 list price and the terms were 3/10,...

If Bounder Dog Supplies, Inc. purchased inventory at $1,500 list price and the terms were 3/10, n/30, what would be the value associated with the inventory if payment was made within 10 days?

business accounting

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Answer 1

Answer #1

If the payment is done within 10 days, the company is eligible to get 3% discount

= 1500 - 3%

= 1455

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Answer 2

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