2. If Bounder Dog Supplies, Incorporated purchased inventory at $1,600 list price and the terms were...
2. If Bounder Dog Supplies, Incorporated purchased inventory at $1,600 list price and the terms were 2/10 n/30, what would be the value associated with the inventory if payment was made within 10 days?
Multiple Choice
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$1,600.
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$1,632.
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$1,579.
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$1,568.
Homework Answers
Value associated with inventory = Purchase price - discount
= $1600 - $1600*2%
= $1568
Option d. is correct answer.
Add Answer to:
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