172k views
3 votes
Sheffield Corp. sells $2600 of merchandise on account to Concord Company with credit terms of 2/11, n/30. If Concord Company remits a check taking advantage of the discount offered, what is the amount of Concord Company's check

User Walfrat
by
8.0k points

1 Answer

1 vote

Answer:

the amount of the concord company check is $2,548

Step-by-step explanation:

The computation of the amount of the concord company check is shown below:

= Sale value of the merchandise - discount

= $2,600 - ($2,600 × 2%)

= $2,600 - $52

= $2,548

Hence, the amount of the concord company check is $2,548

The same should be considered

User Martijn De Munnik
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories