1. Bruce Lombard receives an invoice amounting to $2183 with cash terms of 5/6 prox. and dated November 29. If a partial payment of $1500 is made on December 15, find (a) the credit given for the partial payment and (b) the balance due on the invoice.

2. Schmidt Roofing receives an invoice dated October 4 for $4144 with terms of 4/8 EOM. If the invoice is paid on November 5, find the amount necessary to pay the invoice in full.

The amount of an invoice from Nexus Realty is $792 with terms of 5/5, 2/10, net 30. The invoice is dated October 29.

(a) What amount should be paid on November 2?

(b) What amount should be paid on November 6?

3. SpeedRun offers running shoes for $102 less 12/18. The same shoes are offered by Champion Sport for $105 less 10/20.

Find (a) the firm that offers the lower price AND

(b) the difference in price.

4. Medical Arts Clinic purchased equipment list priced at $5482.95 less series discounts of 3/8/10, with terms of 4/10-20 extra. If the clinic paid the invoice within 30 days, find the amount paid.

5.An invoice of $7934 from The Computer Warehouse has cash terms of 4/15 EOM and is dated April 17.

Find (a) the final date on which the cash discount may be taken and (b) the amount necessary to pay the invoice in full if the cash discount is earned.