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Suppose that bobs sells a mattress for 950 and the discount

Question - Suppose, that Bob's Mattress Warehouse has a sale in September 2014 where "customers make no payments until September 2016". Suppose that Bob's sells a mattress for $950 and the discount rate (interest rate) is 8 percent per year. At the time of purchase, how much revenue would Bob report?

A. $ 1108

B. $ 814

C. $ 76

D. $ 1026

E. $ 880

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Accounting Basics: Suppose that bobs sells a mattress for 950 and the discount

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Accounting Basics: Suppose that bobs sells a mattress for 950 and the discount

Reference No:- TGS02811532

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