-ABC Company issued an invoice to a customer on March 17 for $560 with credit terms 3/10, n/45.

(a) If the customer wishes to take the discount, by what date must the invoice be paid?

(b) If the customer takes the discount, what amount will be paid?

(c) If the discount is not taken, by what date must the invoice be paid?

-Determine the cash discount if the Invoice amount is $285 with credit terms 3/15, n/30 if payment is made within 15 days.

-Determine the cash discount if the Invoice amount is $485 (including $15 in shipping) with credit terms 2/10, n/30 if payment is made within 10 days.

-Compute both the net payment and final payment dates if the invoice was issued on May 4th with credit terms 2/10, n/30.

-Compute both the net payment and final payment dates if the invoice was issued on April 12th with credit terms 3/10, n/30.

-In preparing its cash budget, XYZ Company projected cash receipts of $47,890 and cash payment of $41,674. Do these payment amounts represent a cash excess or shortage? For what amount?

-In preparing an aging of accounts receivable report, the credit manager determined that 0.04 percent of amounts due were more than 90 days overdue. If the company had accounts receivable of $456,773, what amount was more than 90 days overdue?