Question
Jack Williams works in a very active department called purchasing. He works with store managers, marketing, and supply companies. His job is to have the
Jack Williams works in a very active department called purchasing. He works with store managers, marketing, and supply companies. His job is to have the right product, in the right amount, at the lowest cost, where and when it's needed.With more than 1000 stores, that is a very tough job! Of course, there are others that work with him in the department. In early September, Williams placed an order with one vendor for products having a combined list price of $27,393. The vendor offered trade discounts of 20/10/10. The invoice arrived through the computer system the next day. It was dated September 4, had terms of 3/15 EOM, and showed a shipping charge of $748.38. Find the following. (Questions 9-12) 9. The total amount of the invoice excluding shipping?
Find The net payment date?
Find The amount necessary to pay the invoice in full on October 11, including the shipping?
Find Suppose that on October 11 the invoice is not paid in full, but a partial payment of $10,000 is made instead. Find the credit given for the partial payment and the balance due on the invoice including shipping?
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