ACC211:Session B-Principles of Financial Accounting ACC211:Session B-Principles

Question

ACC211:Session B-Principles of Financial Accounting ACC211:Session B-Principles of Financial Accounting My Subscriptions / Courses / ACC211:Session B-Principles of Financial Accounting Chapter 4 / Homework-V Chapter 1 Chapter 2 Chapter 3 Chapter 4 CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 34 Not complete :points out of 2.00 Flag question Accounting for Purchase Discounts Ken Company purchased $5,000 of merchandise from Marilyn Company with terms of 3/10, n/45 What percent discount will Ken Company get if it pays within the allowed discount period? Chapter 5 Chapter 6 Chapter 7 chapter 8 If Ken Company fails to pay within the discount period, how many days does Ken Company have from the date of purchase before the payment is considered to be late? days Chapter 9 Check Chapter 10 Chapter 11 Previous page Chapter 12 Next page

Explanation / Answer

A) ken company will be eligible to get 3 % discount on payment if it will pay within 10 days from the date of purchase.

B)From the date of purchase he will have 45 days for making payments before it considered to be late.

Please please upvote it at the end thank you so much

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