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2012 JUNE Nicole Squash Sdn Bhd. received an invoice dated 24 May 2011 from a supplier with trade discount offer of 30% and cash
2012 JUNE Nicole Squash Sdn Bhd. received an invoice dated 24 May 2011 from a supplier with trade discount offer of 30% and cash discount terms 5/15, n/60 for the following items: 50 squash rackets at RM 130.65 each, 500 squash balls at RM10.50 each, and 130 wristbands for RM20.75 each. Find i) the trade discount received. ii) the last day for payment to get a cash discount. iii) the amount due if the invoice was paid in full on 5 June 2011 iv) the cash discount received if the payment was settled on the last day of the discount period (8 marks)
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