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    cocomonet1990's Avatar
    cocomonet1990 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 4, 2012, 07:46 PM
    Accounting
    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?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Dec 4, 2012, 10:39 PM
    Simple enough, what is your answer. We don't provide model answers, we will comment on your attempt
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