Respuesta :
Answer:
$10,000
Explanation:
Data given in the question
Credit sale made on March 5 = $10,000
Terms = 3/15, n/30
And the payment is made on March 22nd
Since the credit sale is made on March 5 and the payment is full made on March 22nd so the discount of 3 % is not applicable as 3/15, n/30 means if payment is done within 15 days then 3% discount is applicable and net days is 30 days
Hence, the $10,000 is the amount i.e to be considered as the correct amount
$10,000 will be the correct check amount if the customer pays back this sale in full on March 22. These are part of credit terms that are included in a credit sale.
What do you mean by credit terms?
It is common for the sale of credit to include credit terms. Credit terms are conditions that indicate when to pay on credit made, potential discounts, any applicable interest, or late payment fees.
As per the given information:
Credit sale made on March 5 is $10,000
Credit Terms are 3/15, n/30
The credit sale is made on March 5 and the payment is fully made on March 22nd so the discount of 3 % is not applicable as 3/15, because if the payment is done within 15 days then a 3% discount is applicable otherwise no discount will be applied.
n/30 means net days is 30 days
Therefore, the $10,000 is the amount that has to be considered as the correct amount.
To learn more about credit terms, refer to the link:
https://brainly.com/question/25393740
