What does morgan pay lee


Problem: Morgan Company received from Lee Company an invoice dated September 27. Terms were 2/10 EOM. List price on the invoice was $5,000 (freight not included). Morgan receives a 9/7 chain discount. Freight charges are Morgan's responsibility, but Lee agreed to prepay the $150 freight charge. Morgan pays the invoice on November 9. What does Morgan pay Lee? (1 mark for NPER, 1 mark for showing calculations for payment amount, 1 mark for final answer)

Request for Solution File

Ask an Expert for Answer!!
Other Subject: What does morgan pay lee
Reference No:- TGS03358254

Expected delivery within 24 Hours