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BUS Math 1033 W2022-Week 10-Homework Assignment #4 [5 Marks] Editing The XYZ Company of Canada received an invoice from their supplier dated April 5,
BUS Math 1033 W2022-Week 10-Homework Assignment #4 [5 Marks] Editing The XYZ Company of Canada received an invoice from their supplier dated April 5, 2022, along with the goods ordered, on April 5, 2022. The terms of the invoice indicated 3/10,2/20, n/30, with a late payment penalty of 4%, and an invoice amount of $70,000. 1. What are each of the following dates: a. Invoice terms commencement date? b. Last day/date of discount period 1? C. Last day/date of discount period 2? d. Last day/date of the credit period? e. First day/date of the penalty period? 2. If the invoice is paid in full on April 18, 2022, what is the payment amount? 3. If the invoice is paid in full on April 25, 2022, what is the payment amount? 4. If a partial payment of $40,000 is made on April 21, 2022, what is the amount credited to XYZ Company's account? 5. If the invoice is paid in full on May 6, 2022, what is the payment amount?
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