Maroon Company received an invoice for $156,000 dated November 4, 2011 with payment terms 7/3, 4/20, n/45 for a truck-load of goods. Calculate the amount required to settle the invoice on the following dates. a. November 6, 2011 Round to the nearest cent b. November 24, 2011 Round to the nearest cent c. December 19, 2011 Round to the nearest cent

Scarlet Company received an invoice for $54,000.00 that had payment terms of 4/5 n/30. If it made a partial payment of $17,700.00 during the discount period, calculate the balance of the invoice.

A bank in London, Ontario has a buying rate of CHF 1 = C$1.3031. If the exchange rate is CHF 1 = C$1.3325, calculate the rate of commission that the bank charges.

The selling price per unit of a product is $30, the fixed costs per month are $12,500, and the total variable costs per month are $11,500 at the break-even point. What is the number of units required to break even?

he rate of markup on cost on a product selling at $64.90 is 41%.

a. What is the cost of the product to the retailer?

Round to the nearest cent

b. What is the rate of markup on selling price?

%

Round to two decimal places

A distributor purchases industrial fans for $177 each. Its profit is 8.00% on selling price and markup is 35.00% on selling price. During a trade show, if the distributor offers a markdown of 8.00% on its fans, calculate the reduced profit or loss made per fan.

If 1 = US$1.15964 and A$1 = US$0.8576, how many British pounds will you get for one Australian dollar?

The net price of an item after trade discounts of 16%, 9.5%, and 1.5% is $1,946.87.

a. What is the list price of the item?

Round to the nearest cent

b. Calculate a single equivalent trade discount rate of the series of discount rates.

%

Round to two decimal places