Question 3
Offering discounts on credit sales benefits a seller through earlier cash receipts and reduced collection efforts.
true or false
Question 4
A company had net sales of $735.700 and the cost of goods sold of $534,000. Its net income was $21.400. The company's gross margin ratio equals trout the final answer to the earest 3 decimal places, 26.72% would tie 267 or 24555 would be 246k
Question 5
A company purchases merchandise for $567,000. The seller also offers credit terms of 2/10, n/30 Assuming no retums were made, and that payment was made within the discount beriod, what is the net cost of the merchandise?.