Answer:
Thus, the net cost of goods will be $13720
Explanation:
The terms of the purchase state that Concord Corp can avail a s% discount f the payment is made within 13 days of the purchase and the credit period for the purchase is 30 days. If the payment is made within the discount period and discount is availed, the net payment that Concord will pay is,
Payment net of discount = 14000 * 0.98 = 13720
Thus, the net cost of goods will be $13720
