Zenith Company sold $10,000 of merchandise to Nadir Company,with terms of 2/10,n/30.Five days later,Nadir returned $1,000 of the merchandise.If Nadir does NOT pay within the discount period,how much cash will Zenith receive?

Question

Quizplus · Accepted Answer

Zenith will receive $9,000 because Nadir returned $1,000 worth of merchandise, reducing the total amount owed to $9,000. Since Nadir did not pay within the discount period, they do not receive the 2% discount.

Zenith Company Sold $10,000 of Merchandise to Nadir Company,with Terms