Lopez Company purchased goods with the following terms and details: Sales price, $8,000 Terms, 5/10, n/30 Date of sale, July 1 Date of payment, July 11 Returns and allowances (before payment), $400 Shipping, FOB Destination, $335, prepaid by seller Required: Compute the amount that Lopez Company has to pay to the seller for the goods.

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: