Question
A director of accounts received a bill for $1455, dated July 4, with sales terms 4/10 EOM. Find the cash discount and amount due if
A director of accounts received a bill for $1455, dated July 4, with sales terms 4/10 EOM. Find the cash discount and amount due if the bill was paid August 24. 5) A) Cash discount: $145.50; net amount: $1309.50 B) Cash discount: $58.20; net amount: $1396.80 C) Cash discount: $0; net amount: $1455 D) Cash discount: $14.55; net amount: $1440.45 Solve the problem.
The store where Anna-Marie is a salesperson offers a trade discount series of 15/10 on any clothes bought at the store. What is the net price of a $78 sweater ? Use the net decimal equivalent to find the net price. A) $70.20 B) $59.67 C) $58.50 D) $18.33
the store where Anna-Marie is a salesperson offers a trade discount series of 5/30 on any clothes bought at the store. Use the single discount equivalent to calculate the trade discount for a $95 sweater. 3) A) $66.50 B) $61.75 C) $31.83 D) $63.18
An invoice for $7140, dated October 4, was received by a company with the terms 2/15 EOM. A
decision was made to make a partial payment of $410 on November 1. Find the amount credited to
the account and find the outstanding balance.
A) Credit: $410.00
Balance: $6730.00
B) Credit: $418.20
Balance: $6721.80
C) Credit: $418.37
Balance: $6721.63
D) Credit: $401.80
Balance: $6738.20
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