A wholesaler ordered 14 bolts of drapery fabric at 550 per, Ask an Expert

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A wholesaler ordered 14 bolts of drapery fabric at $5.50 per yard. Each bolt had 60 yards. The order qualified for a quantity discount of 2%. The merchandise was shipped FOB factory; freight charges of $21.80 were prepaid. The invoice was dated March 18 with terms of 2/15, N/30. How much should be remitted if the invoice is paid on March 29?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92046775

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