J. C. Penney of Boston sold office equipment for $12,000 to Lee's of San Diego. Terms of the sale are 3/10, n/30 FOB Boston. J. C. Penney has agreed to prepay freight $300. Assuming Lee's pays within the discount period, how much will Lee's pay J. C. Penney?

$11,940

Explanation:

The computation of the paying amount is shown below:

= Sale value of the equipment - discount charges + freight charges

= $12,000 - $360 + $300

= $11,940

The discount charge is

= Sale value of the equipment × discount rate

= $12,000 × 3%

= $360

We simply deduct the discount and added the freight charges to the sale value of the equipment so that the actual value could arrive

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.