One of the Department Stores received an invoice dated April 18 that shows a billing for $3,848.96 with terms 2/10, 1/15, n/30. Find the cash discount and net amount if the invoice is paid within 15 days but after 10 days.

Fill all the template .thank you.

Terms on Invoice

Date on Invoice

No. of days within which the Invoice was paid

Date by which the Invoice was paid

Cash Discount %

Number of days to take advantage of 2% discount

Final Date Invoice must be paid to get 2% discount

Can Federated get a 2% discount? Yes/No

Cash Discount % Yes/No

Number of days to take advantage of 1% discount

Final Date Invoice must be paid to get 1% discount

Can Federated get a 1% discount?

Price on Invoice

Cash Discount Amount ($)

Net Amount

Net Amount