48. An Entity sold 10 units of goods with a unit list price of P2,000 on Jan. 1, 2021. The Entity offered a trade discount of 5% and a cash discount of 10%, and that the cash discount period is 10 days, and the credit period is 30 days. If the customer settles the debt on Jan. 28,2021, what is the actual amount he needs to pay?

48. An Entity sold 10 units of goods with a unit list price of P2,000 on Jan. 1, 2021. The Entity offered a trade discount of 5% and a cash discount of 10%, and that the cash discount period is 10 days, and the credit period is 30 days. If the customer settles the debt on Jan. 28,2021, what is the actual amount he needs to pay?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 6P

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