ABC Company made a $1,000 credit sale to a customer on credit terms of 2/10...

60.1K

Verified Solution

Question

Accounting

ABC Company made a $1,000 credit sale to a customer on credit terms of 2/10 n/30. Assume the customer pays in eight days. How much cash will ABC receive? A. $1,000 B. $ 980 C. $ 900 D. $ 800

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students