Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $26,600. What is the amount of the sales discount allowable? a.$931 b.$266 c.$532 d.$798

c.$532

Explanation:

The term 2/10, n/30 means that there is a discount of 2% available id the payment is made within 10 days by the customer and net credit period is of 30 days.

Payment to be made = $26,600

As there is no payment received until now the maximum discount allowed is

Discount Allowed = $26,600 x 2% = $532

Customer can avail maximum of $532 of discount if they pay within 10 days.

answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;