Question

On April 6, Home Furnishings purchased $37,000 of merchandise from Una's Imports, terms 2/10, n/45. On April 8, Home Furnishings returned $7,800 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 15. Required What is the amount that Home Furnishings must pay Una's Imports on April 15

Answer 1

the amount that have to be paid is $28,616

Step-by-step explanation:

The computation of the amount that have to be paid is shown below:

= (Merchandise value - returned goods) × (1 - discount percentage)

= ($37,000 - $7,800) × (1 - 0.02)

= $29,200 × 0.98

= $28,616

Hence, the amount that have to be paid is $28,616