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a . With 9 0 percent of Tulkin s customers now taking the discount, what is the total monthly cash discount amount? $ 9 0

a. With 90 percent of Tulkins customers now taking the discount, what is the total monthly cash discount amount?
$900.00
$1,620.00
$2,916.00
$13,244.00
$48,600
b. If Tulkin changes his invoice terms to 1/5, net 20, what interest rate is each buyer paying by not taking the cash discount?
14.60%
24.33%
36.50%
54.75%
90.00%
c. With 1/5, net 20 terms, would more or fewer buyers be likely to take the discount?
More buyers would take the discount
Fewer buyers would take the discount
The number of buyers taking the discount would not change
d. Tulkin thinks 10 customers will switch to other wholesalers if he changes his invoice terms to 2/10, net 30, while 60 percent of the remaining customers will take the discount. For this situation, what will the total gross sales (total invoice) amount be?
$97,812.00
$99,000.00
$105,084.00
$106,380.00
$108,000.00
e. Using the terms from the previous question, what would the total net sales receipts after the total cash discount be?
$97,812.00
$99,000.00
$105,084.00
$106,380.00
$108,000.00
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