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Periodic Inventory - Purchase Discounts
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Periodic Inventory - Purchase Discounts
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4. Merchandising Operations / Periodic Inventory - Purchase Discounts / Problem 5
Problem 5
XYZ Corp purchases goods worth \$5,000 with terms '4/15 NET 60.' If they pay within the discount period, what is the amount they actually pay?
A
\$5,000
B
\$5,200
C
\$4,800
D
\$4,900
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