(a) On March 2, Sheridan Company sold $893,700 of merchandise to Skysong Company on account, terms 2/10, n/30. The cost of the merchandise sold was $577,200. (b) On March 6, Skysong Company return $119,100 of the merchandise purchased on March 2. The cost of the merchandise returned was $61,300. (c) On March 12, Sheridan Company received the balance due from Skysong Company.

is the answer

explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

answer; buying the bill at a discount from the face value to be received at maturity;