Tamarisk, Inc. sells $2700 of merchandise on account to Baltic Company with credit terms of 2/11, n/30. If Baltic Company remits a check taking advantage of the discount offered, what is the amount of Baltic Company's check

$2,646

Explanation:

Given that

Sale value of merchandise on account = $2,700

Credit terms = 2/11, n/30 this means if the payment is made within the 11 days, the 2% discount is given and the credit period of the payment is 30 days

So, by considering the above information, the advantage of the discount offered, the amount is

= $2,700 × (1 - 0.02)

= $2,646

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

answer; tech (a) is correct;