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Import Exclusives Ltd. received an invoice from Dansk Specialties of Copenhagen with terms 5/20 R.O.G. for the items listed below. 110 teak trays at $30.80
Import Exclusives Ltd. received an invoice from Dansk Specialties of Copenhagen with terms 5/20 R.O.G. for the items listed below. 110 teak trays at $30.80 each 25 teak buckets at $69.70 each 45 teak salad bowls at $55.20 each All items are subject to trade discounts of 3631%,521%, and 6%. (a) If the shipment was received on November 24 , what is the last day of the discount period? (b) What is the amount due if the invoice is paid in full on December 10 ? (c) If only a partial payment is made on the last day of the discount period, what amount is needed to reduce the outstanding balance to $2500 ? (a) The last day for taking the cash discount is (Type a whole number.) (b) The amount due is $. (Round to the nearest cent as needed.) (c) The amount needed is $ (Round to the nearest cent as needed.)
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