Respuesta :
Answer:
$6,370
Explanation:
To calculate the amount of cash required for the payment, we need to consider the terms of the purchase.
The terms "2/10, n/30" mean that the buyer (Rolfes Company) can take a 2% discount if they pay the invoice within 10 days. Otherwise, the full amount is due within 30 days.
Given that Rolfes Company returned merchandise with an invoice amount of $2,000 and received full credit, we need to subtract this amount from the original purchase amount to find the net amount owed.
Original purchase amount = $8,500
Returned merchandise = $2,000
Net amount owed = $8,500 - $2,000 = $6,500
Since Rolfes Company is paying within the discount period, they can take the 2% discount on the net amount owed:
Discount = 2% of $6,500 = 0.02 * $6,500 = $130
The amount of cash required for the payment is the net amount owed minus the discount:
Amount of cash required = Net amount owed - Discount
Amount of cash required = $6,500 - $130 = $6,370
Therefore, the amount of cash required for the payment is $6,370.
