Conway Company Purchased Merchandise Inventory with an Invoice Price of $9,000

question 173

Multiple Choice

Conway Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Conway Company pays within the discount period?

• A) $9,000
• B) $8,820
• C) $8,100
• D) $8,280

---

Definitions:

Fence

A structure serving as an enclosure, barrier, or boundary, typically made out of wire, wood, or other materials.

Tender Of Performance

An offer by one party to perform their obligations under a contract, in accordance to the contract's terms.

Conditional

Depending on or subject to one or more conditions or requirements being met; not absolute.

Unconditionally Offers

The act of making an offer without attaching any conditions or stipulations.