Answered step by step
Verified Expert Solution
Question
1 Approved Answer
(2). Omani mark LLC exports dates to various countries in the brand name Omani Khajoor. Two main importers and trade partners of Gulf mark LLC
(2). Omani mark LLC exports dates to various countries in the brand name Omani Khajoor. Two main importers and trade partners of Gulf mark LLC are India and Srilanka. Omani mark LLC sold 6000 kilograms and 9000 kilograms of Omani Khajoor to India and Srilanka respectively. (a) The invoice date with India was July 06,2019, and the goods were sold for OMR 4000. The terms of the payment was 6/10,n/30.The invoice was paid on July 16,2019. You are required to: (1) Find out whether India is eligible for a discount. (0.5 Mark) (ii) If yes, find the amount of discount. (0.5 Mark) (iii) Find also, the total amount paid by India. (0.5 Mark) (b) The invoice date with Srilanka was July 10, 2019, and the goods were sold for OMR 36000. The terms of the payment was 4/10 E.O.M. The invoice was paid on August 9, 2019. You are required to: (i). Find out whether Srilanka is eligible for a discount. (0.5 Mark) (ii). If yes, find the amount of discount. (0.5 Mark) (iii). Find also, the total amount paid by Srilanka. (0.5 Mark)
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