Answered step by step
Verified Expert Solution
Question
1 Approved Answer
23. (-/1 Points) [ DETAILS BRECMBC9 7.IV.029 As part of the employment interview for an accounting job at Sound Design, you have been asked to
23. (-/1 Points) [ DETAILS BRECMBC9 7.IV.029 As part of the employment interview for an accounting job at Sound Design, you have been asked to answer the questions below, based on an invoice from one of Sound Design's vendors, Target Electronic Wholesalers. Invoice Table TARGET ELECTRONIC WHOLESALERS 1979 N.E. 123 Street Jacksonville, Florida 32204 Sold to: Sound Design 480 McDowell Rd. Phoenix, AZ 85008 Invoice Date: June 28, 20xx Terms of Sale: 3/15, n/30 ROG Stock # Description Unit Amount Price 50 X 4811V Stereo $296.50 Receivers 25 X Blu-Ray 511CX Players $131.28 Home 40 X 6146M Theater $657.12 (a) Complete the invoice iteyizletroa by finding the total amount (in $) for each item, the merchandize total (in $), and the total amount of the invoice (in $). (). 20 X 1031A LCD TVS Description $597.co Stock # $ Unit Price Amount = 4811V $ Stemerlate Totapo x $296.50 Insurance Shipping $1,350.00 -$$ Blu-Ray Playerse TotaR5 x $131.28 5110x 6146M Home Theater Systems 40 x $657.12 x $ 1031A LCD TVS 20 x $597.00 $ $ Merchandise Total $ Insurance + Shipping $ Invoice Total $ (b) What are the discount date and the net date if the shipment arrived on July 137 Discount Date --Select- Net Date --Select- (c) While in transit, five Blu-ray players and four LCD TVs were damaged and will be returned. What is the amount (in $) of the returned merchandise? What is the revised merchandise total (in $)? Returned merchandise Revised merchandise total $ (d) What are the amount (in $) of the cash discount and the net amount due if the discount is taken? (Round your answers to the nearest cent.) $ $ Cash discount Net amount due $ (e) If Sound Design sends in a partial payment of $30,000.00 within the discount period, what is the net balance in $) still due? (Round your answer to the nearest cent.) $
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