Given the Following Information, Compute the Amount of Cash Finally

question 11

Multiple Choice

Given the following information, compute the amount of cash finally remitted by the customer. Feb. 22-Sale on credit, terms of 2/10, n/30-$3,000
Feb) 27-Allowance granted due to some items being damaged-$400
Feb) 28-Payment in full received from customer-$?

• A) $2,600
• B) $2,940
• C) $2,548
• D) $2,522

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Definitions:

Research Methods

Systematic techniques used to conduct research and gather data.

Limitations

Boundaries or restrictions that define the scope, extent, or application of something, acknowledging its constraints or shortcomings.

Money Constraints

Financial limitations or restrictions that impact one's ability to spend, invest, or allocate funds.

Company Policy

Guidelines and rules set by a company to dictate behavior and procedures within the organization.