The company you work for offers credit to its customers, with terms 2/10, n30. If Yara...
- The company you work for offers credit to its customers, with terms 2/10, n30. If Yara Inc., purchases $10,000 of supplies from you on credit and pay you in 8 days, how much cash did you receive?
Homework Answers
rate positively ..
| 2/10 net 30 means if payment is made with in 10 days then 10% discount will be given else no discount. | ||||||||||
| since payment is made by 8th day than amount received will be 98% total value | ||||||||||
| Amount = 10000*98% | 9800 | |||||||||
| Ans = | 9800 | |||||||||
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