Suppose Wonderland toys buys $165,700 worth of pegablock toys on credit terms of 2/10, n/30. Some of the goods are damaged in shipment, So wonderland toy's returns $16,250 of the merchandise to peggablock.
1. Requirement How much must Wonderland Toys pay to Peggablock
A. After the discount period?
B. Within the discount period?
(round calculations to the nearest whole dollar)
Requirement
1a.How much must wonderland toys pay Pegablock after the discount period?
Original purchase amount
__________
__________
__________
Cost of inventory by wonderland toys
Requirement
1b. How much must Wonderland Toys pay Pegablock within the discount period?
Cost of inventory kept
____________
____________
___________
Cost of inventory with purchase discount?
