Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 01, 2024

Pallette Manufacturing received an invoice dated, March 28 with terms 3/15, n/30. The amount stated on the invoice was $2008.00. (a) What is the

Pallette Manufacturing received an invoice dated, March 28 with terms 3/15, n/30. The amount stated on the invoice was $2008.00. (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount?

Step by Step Solution

★★★★★

3.39 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

Given Invoice Date March 28 Terms 315 n30 Amount on the invoice 200800 a To find the last d... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organic Chemistry

Authors: John McMurry

7 Edition

978-0495112587, 0495112585

More Books

Students also viewed these Accounting questions

Question

Equilibrium and Compatibility in Cartesian Co-ordinates 2.1 Show that the following strains and displacements are all compatible in plane stress: (i) , = axy, = by, Yn = c - dy, (ii) , = q (x + y ),...

Answered: 1 week ago

Question

★★★★★

Ken Bennett received an invoice dated March 9, with terms 2/10, n/30, amounting to $540. He paid the bill on March 12. 1. How much was the cash discount? 2. What is the net amount Ken will pay? B....

Answered: 1 week ago

Question

★★★★★

Pandora corporation would like to use call options to hedge a 100,000 euro payable. The premium is $0.03 (per unit of euro) and the exercise price of the option is $1.15 per euro. The option will not...

Answered: 1 week ago

Question

★★★★★

The following question is designed to highlight key concepts from the Loyalty Programs topic article titled, "StarBUCKS, Loyalty, and Breakage" (Nevraumont 2019). Q. Author's position. "If you hire...

Answered: 1 week ago

Question

★★★★★

Three fl asks containing gases A (red) and B (green) are shown here. (i) If the pressure in (a) is 4.0 atm, what are the pressures in (b) and (c)? (ii) Calculate the total pressure and partial...

Answered: 1 week ago

Question

★★★★★

A corporation issued $2,000,000 of 20-year bonds for cash at 98. How would the transaction be reported on the statement of cash flows? AppendixLO1

Answered: 1 week ago

Question

★★★★★

Identify the four emergent qualities of transpersonal CFPs and discuss how they affect their practices.

Answered: 1 week ago

Question

★★★★★

Montalvo Company uses special journals and a general journal. The following transactions occurred during September 2010. Sept. 2 Sold merchandise on account to T. Hossfeld, invoice no. 101, $720,...

Answered: 1 week ago

Question

★★★★★

Cost Principle Going Concern Principle Conservatism Principle Objectivity Principle Revenue Recognition Principle Consistency Principle Materiality Principle Full Disclosure Principle Matching...

Answered: 1 week ago

Question

★★★★★

1. Absent any resource constraints, which marketing strategy do you think is most viable? Which is the second-best strategy? Which is the least viable? 2. What overall food trends were taking place...

Answered: 1 week ago

Question

★★★★★

Jenny is 65 years old and was able to claim the maximum federal age credit amount which was $7,585. Her income falls within the threshold, and hence she gets the full age tax credit amount. How much...

Answered: 1 week ago

Question

★★★★★

Exercise 5.3 (Algo) Worksheet through Adjusted Trial Balance. LO 5-1, 5-2 On January 31, 20X1, the general ledger of Johnson Company showed the following account balances. Accounts Cash Accounts...

Answered: 1 week ago

Question

★★★★★

The General Duty Clause is often used to cite employers in the absence of a specific regulation. Provide an example of when you believe the Occupational Safety and Health Administration (OSHA)...

Answered: 1 week ago

Question

★★★★★

15. Mr. Debtor owes Mr. Creditor P100, 000. On the due date, Mr. Debtor delivers a cashier's check for the full amount. Mr. Creditor refuses to accept the check. a. Debtor may make a consignation by...

Answered: 1 week ago

Question

★★★★★

How to identify hardware in a system using CLI or GUI? Make sure you cover the 5 major components of your computer along with the other components that are of interest (things like networking and GPU...

Answered: 1 week ago

Question

★★★★★

1. What music streaming services do students at Olympia High use? 33% of students use Apple Music, 41% use Spotify and 18% use both services. A-Apple Music S=Spotify (a) Create a two way table to...

Answered: 1 week ago

Question

★★★★★

Huawei has spent 1 . 5 B in R&D and is ready to launch the first foldable cellphone Mate X . However, they are not sure about whether consumers will like their new phones. They can choose to launch...

Answered: 1 week ago

Question

★★★★★

A condenser (heat exchanger) brings 1 kg/s water flow at 10 kPa quality 95% to saturated liquid at 10 kPa, as shown in Fig. P4.91. The cooling is done by lake water at 20C that returns to the lake at...

Answered: 1 week ago

Question

★★★★★

Draw -D-galactopyranose and -D-mannopyranose in their more stable chair conformations. Label each ring substituent as either axial or equatorial. Which would you expect to be more stable, galactose...

Answered: 1 week ago

Question

★★★★★

Bextra, a COX-2 inhibitor used in the treatment of arthritis, contains an isoxazole ring. Why is the ringaromatic? Isoxazole ring H2N CH3 Bextra

Answered: 1 week ago

Question

★★★★★

Sketch an energy diagram for a two-step reaction with an endergonic first step and an exergonic second step. Label the parts of the diagram corresponding to reactant, product, and intermediate.

Answered: 1 week ago

Question

★★★★★

For 2016, Ashley has gross income of $8,500 and a $5,000 long-term capital loss. She claims the standard deduction. Ashley is 35 years old and unmarried with two dependent children. How much of...

Answered: 1 week ago

Question

★★★★★

Justin Stone was an employee of Data Care Services, Inc. His salary was $45,000 through November 10, 2015, when he was laid off. Data Care Services provided medical insurance for Justin and his...

Answered: 1 week ago

Question

★★★★★

Asok's AGI for 2016 is $133,050. Included in this AGI is a $45,000 25% longterm capital gain and a $13,000 0%/15%/20% long-term capital gain. Asok is single, uses the standard deduction, and has only...

Answered: 1 week ago

Previous Question Next Question