On November 3, Carol Company made a $2,000 credit sale under the terms 3/10, n/60. If Carol receives full payment of the account on November 14, how much cash will it receive?

Name: On November 3, Carol Company made a $2,000 credit sale under the terms 3/10, n/60. If Carol receives full payment of the account on November 14, how much cash will it receive?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Carol Company will receive the full amount of $2,000 because the payment was made after the 10-day discount period, which ended on November 13.

On November 3, Carol Company Made a $2,000 Credit Sale