Waterway Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. (a) On July 1, (1) Waterway purchased $33,000 of inventory, terms 1/10, n/30, FOB shipping point. (2) Waterway paid freight costs of $1,105. (b) On July 3, Waterway returned damaged goods and received credit of $3,300. (c) On July 10, Waterway paid for the goods.

answer: most likely c

explanation:

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%

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