Arizona Company purchased merchandise inventory on account with a list price of $35,000 and credit terms...
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Arizona Company purchased merchandise inventory on account with
a list price of $35,000 and credit terms of 2/15, n/30. What was
the net or cash cost for the merchandise?
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Homework Answers
The correct answer is c) $ 34300
Calculation
Net or cash cost of merchandise
= list price ×(1- cash discount rate)
= 35000 ×(1-2%)
= $ 34300
Thus the correct answer is $ 34300
Add Answer to:
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