The list price on boyton's catalog indicated that product a sells for $3,000, with a trade discount of 5%. boyton sells the goods to a customer who qualifies for the trade discount. at what amount should boyton record the sale and related account receivable
a. $3,150
b. $2,850
c. $3,000

B) $2,850

Explanation:

1: Find the discount: $3,000*5% = $150

2: Subtract the discount: $3,000 - $150 = $2,850

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answernet income for 2017 will be greater if the inventory quantity declines;