A company using the perpetual inventory system purchased inventory worth $25,000 on account with terms of 2/10, n/30. Defective inventory of $2,000 was returned 2 days later and the accounts were appropriately adjusted. If the invoice is paid within 10 days, the amount of the purchase discount that would be available to the company is:
A)$460.
B)$540.
C)$500.
D)$490.

Question

Quizplus · Accepted Answer

The Answer of A company using the perpetual inventory system purchased inventory worth $25,000 on account with terms of 2/10, n/30. Defective inventory of $2,000 was returned 2 days later and the accounts were appropriately adjusted. If the invoice is paid within 10 days, the amount of the purchase discount that would be available to the company is:
A)$460.
B)$540.
C)$500.
D)$490.

A Company Using the Perpetual Inventory System Purchased Inventory Worth