Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. klem corp. makes a $1,000 sale to a customer with

Klem Corp. makes a $1,000 sale to a customer with terms of 2/15.n/45. The customer...

90.2K

Verified Solution

Question

Accounting

Klem Corp. makes a $1,000 sale to a customer with terms of 2/15.n/45. The customer the returns $200 of the merchandise. If the customer pays Klem within the discount period, what is the total amount that the customer will remit to Klem Corp. in full payment of its account? The answer is $ 784 but could you please give detailed solution for how to calculate the answer? Thank you very much sir!

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

Q

Sunshine Juices sold $16.6 million in the U.S. pomegranate juice drink market last year, but the...

Advance Math
Q

Provided below are summary statistics for independent simple random samples from two populations. Use the pooled?...

Basic Math
Q

deforestation reduces the majority of the vegetation in an area a native lizard population also...

Biology
Q

The prefix Giga is equal to O 1 00 X 10 to the ninth power...

Basic Math
Q

In a right triangle, the measure of one leg is 11 inches and the other...

Basic Math
Q

1 2 2 1 Write the matrix A 0 1 3 as a product of...

Algebra
Q

A function f is given f x 9 x x 0 a Sketch the graph...

Algebra
Q

Current Attempt in Progress Examine the following graph of a function y f x 3...

Algebra
Q

Problem 9-39 Preparation of Master Budget (LO 9-3, 9-4, 9-5, 9-6) [The...

Accounting
Q

Presented below are two independent situations: (a) Oriole Inc. acquired 10% of the 415,000...

Accounting
Q

Case 13-51 Minimum and Maximum Acceptable Transfer Prices; Multinational (LO 13-6, 13-7, 13-8) ...

Accounting
Q

Alpha Company has provided the following information for its only product, Alp, for the year...

Accounting