Question
2.) Mr. Dela Cruz received an invoice for 16,500 dated October 28 with sales terms of 5/10 , 3/25 , and n/45. Find the following:
2.) Mr. Dela Cruz received an invoice for 16,500 dated October 28 with sales terms of 5/10 , 3/25 , and n/45. Find the following:
a.)Cash discount if he paid the bill on November 9;
b.)The discount period;
c.)The credit period;
d.)Amount he paid on November 9.
3.) How much would have to be paid on an invoice for 19,250 with terms of 2/10 , 1/15 , and n/30 , if the bill period is paid.
a.)7 days after the invoice date;
b.)15 days after the invoice date; and
c.)25 days after the invoice date
4.) Cel received an invoice dated June 5 for 23,570 with terms 2/10 , 1/15 , and n/30. He paid the bill on June 13. What was her cash discount and how much did she pay?
5.) How much would have to be paid on an invoice for 34,600 with terms of 3/10 , 2/15 , and n/30, if the bill is paid:
a.)7 days after the invoice date;
b.)15 days after the invoice date;
c.)25 days after the invoice date.
6.) Kristine Eustaquio received an invoice for 51,700 dated October 28. The sales terms in the invoice were 2/10 EOM. She paid the bill on December 2. How much dis Kristine pay?
7.) How much would have to be paid on an invoice for 48,342 with terms of 3/10 EOM if the bill dated July 8 is paid:
a.) August 2;
b.) August 20?
8.) An invoice for 52,980 has terms of 3/10 ROG and is dated January 16. The merchandise is received on January 21. How much should be paid if the invoice is paid on January 24?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started