ASS for DR. Sarah

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Johnson Company purchased goods from Ross with the following terms and details.

Sales price, $8,000
Terms, (3/10, n/30)
Date of sale, August 6
Date of payment, August 16
Shipping, FOB Destination, $170, prepaid by seller

Determine if Johnson, the buyer, qualifies for a cash discount, and who pays for shipping, Johnson or Ross. 

 

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