When a potential customer enters your store, merchandise refers to everything you do to advertise and sell your products. When we discuss merchandise, we are usually referring to goods that may be purchased, usually in a retail setting.
Any item you can sell or buy is referred to as merchandise. The term "merchandise" refers to any good that is offered for sale; some examples are groceries at a supermarket, clothing in a retail setting, electronics online, and raw materials in a manufacturing facility.
Given:
On September 2, an invoice for $5,000 is paid under the conditions of 2/10, n/30, and fob destination.
The Seller paid a total of $200 for freight.
Expenses are paid on September 12.
Because September 12 is still inside the 10-day discount period, the payment is made net of discounts.
5,000 x 2% = 100
5,000 - 100 = 4900
If made on September 12, the needed payment is $4900.
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