Levin furniture buys a living room set with a 4700 list, Ask an Expert

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Levin Furniture buys a living room set with a $4,700 list price and a 50% trade discount. Freight (FOB shipping point) of $45 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 2/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91557410

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