Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,000 and payment terms of 3/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at:

Alison should record the purchase at: $5,820.

Explanation:

By Alison using the net method to record purchases means that the company records purchases, less discount.

The cash discount terms 3/10, n/30 mean 3% cash discount if the invoice amount is settled within 10 days; meanwhile, if it is settled within 30 days, the customer pays the full invoice amount.

Using the net method = $6,000 - (3/100 x $6,000)  = $5,820.

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answer/// product differentiation;