Business
Business, 31.10.2021 03:30, ewalchloe5067920

4.RST Co. sold for $6,000 inventory that had cost $4,000. Freight terms for the sale were FOB destination and payment terms were 1/10, n/30. RST records sales transactions at the net amount. RST paid freight costs of $200 in cash. The receivable was collected within the discount period. Based on this information alone, the amount of gross margin would be a.$1,940. b.$1,740. c.$1,800. d.$2,000.

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4.RST Co. sold for $6,000 inventory that had cost $4,000. Freight terms for the sale were FOB destin...

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