Janna’s Fine Flowers sold 105 dozen roses for $600. Terms of the sale were 2/10,n/30. If...

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Janna’s Fine Flowers sold 105 dozen roses for $600. Terms of the sale were 2/10,n/30. If...

Janna’s Fine Flowers sold 105 dozen roses for $600. Terms of the sale were 2/10,n/30. If the customer pays within the discount period, the amount of the sales discount will be

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Answer 1

Answer #1

Sales = $600

Credit terms = 2/10, n/30

2% discount will be allowed if payment is made within discount period of 10 days

Discount rate = 2%

Sales discount = Sales x Discount rate

= 600 x 2%

= $12

The amount of the sales discount will be $12

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Answer 2

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Janna’s Fine Flowers sold 105 dozen roses for $600. Terms of the sale were 2/10,n/30. If...

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Sayers Co. sold merchandise on account to a customer for $80,000 terms 2/10, n/30. The cost of the goods sold was $67,000.

Inventory costing $3,500 is sold for $4,900 with terms 2/10, n/30. If the buyer pays within...

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Janna’s Fine Flowers sold 105 dozen roses for $600. Terms of the sale were 2/10,n/30. If...

Homework Answers

Add Answer to: Janna’s Fine Flowers sold 105 dozen roses for $600. Terms of the sale were 2/10,n/30. If...

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Janna’s Fine Flowers sold 105 dozen roses for $600. Terms of the sale were 2/10,n/30. If...