Homework Answers
| The terms 2/10,n/40 indicate that 2% discount will be allowed if paid within 10 days, invoice is payable within 40 days |
| 1 |
| Discount percent = 2% |
| 2 |
| 40 days before the payment is considered to be late. |
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Chapter 5 Graded Practice Exercises Navigation 020000 Finish attempt ... eBook Question 4 Not complete Marked out of 1.00 P Flag question Accounting for Purchase Discounts Kurt Company purchased $5,000 of merchandise from Marilyn Company with terms of 2/10 n/40. What amount will Kurt Company pay to Marilyn Company, if Kurt Company takes advantage of the purchase discount? $ 0 Check Previous & Save Answers Next
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