Nadir Company sold $2,000 of merchandise to Acme Company,with terms of 3/10,n/30.Five days later,Acme returned $500 of the merchandise.If Acme does NOT pay within the discount period,how much cash will Nadir receive?

Question

Quizplus · Accepted Answer

Nadir Company will receive $1,500 because Acme returned $500 of the merchandise, reducing the amount owed from the original $2,000 to $1,500. Since Acme does not pay within the discount period, they pay the full amount without the 3% discount.

Nadir Company Sold $2,000 of Merchandise to Acme Company,with Terms