Juan Sells $75,000 of TVs to a Customer

question 68

Multiple Choice

Juan sells $75,000 of TVs to a customer.The credit terms state a 2% discount if paid in 7 days and a 1% discount if paid in 8-14 days.The customer pays in 12 days.How much cash does Juan receive?

• A)$75,000
• B)$73,500
• C)$74,250
• D)$1,500

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Communist Control Act

A U.S. federal law enacted in 1954 that aimed to outlaw the Communist Party USA and criminalize membership in, or support for, the party or "communist-action" organizations.

Communist Party

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