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Garden Company purchased merchandise on account from Parker Company for $88,000 with terms 1/15, net 45. Garden Company returned $12,000 of the merchandise and received full credit from Parker Company. If Garden Company pays within the discount period, what is the amount of cash required for payment? a.$75,240 b.$76,000 c.$87,120 d.$88,000

1 Answer

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Answer:

what is the amount of cash required for payment?

a.$75,240

Step-by-step explanation:

Purchase 88000

Return 12000

Debt 76000

1/15 760

Payment 75240

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