Solved: If these items were bought on 210 n30 terms and the invoice, Accounting Basics

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If these items were bought on 210 n30 terms and the invoice

Zonker Inc. purchases 500 units of an item at an invoice cost of $30,000.

1. What is the cost per unit?

2. If the goods are shipped f.o.b. shipping point and the freight bill was $1,500, what is the cost per unit if Zonker Inc. pays the freight charges?

3. If these items were bought on 2/10, n/30 terms and the invoice and the freight bill were paid within the 10-day period, what would be the cost per unit?

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Accounting Basics: If these items were bought on 210 n30 terms and the invoice

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Accounting Basics: If these items were bought on 210 n30 terms and the invoice

Reference No:- TGS01491624

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