Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300 list price. Bally dated...
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300 list price. Bally dated the invoice August 03 with 2/10 EOM terms. Intel receives a 30% trade discount. Intel pays the invoice on August 16. On August 1, Intel Corporation returns $300 of the machinery due to defects. What does Intel pay Bally on August 16?
9010 and 9100 are not correct
Homework Answers
List price = 13,300 - return of 300
= 13,000
Net price = 13,000 - trade discount 30% = 9,100
Amount paid in Aug 16
= 9,100 - (2% discount *9,100)
= 8918
.
Comment if you face any issues
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Bally Manufacturing sent Intel Corporation an invoice for
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