Question

On March 17, Fox Lumber sells materials to Whitney Construction for $12,000, terms 2/10, n/30. Whitney pays for the materials on March 23. What is the amount of net revenues (sales minus sales discounts) as of March 23?

Answer 1

Answer:

the amount of net revenues is $11,760

Explanation:

The amount of the net revenue is shown below:

= Sales value of the material - discount allowed

= $12,000 - $12,000 × 2%

= $12,000 - $240

= $11,760

hence, the amount of net revenues is $11,760

We simply applied the above formula so that the correct value could come

And, the same is to be considered