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Santucci Appliances received an invoice dated August 12 with terms 3/10 E.O.M. for the items listed below. 5 refrigerators at $990 each less 30% and
Santucci Appliances received an invoice dated
August 12 with terms 3/10 E.O.M. for the items listed below.
5 refrigerators at $990 each less 30% and 4%
3 dishwashers at $667 each less 15 1/3%, 12.8%, and 3%
(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? |
(c) | What is the amount of the cash discount if a partial payment is made such that a balance of $2100 remains outstanding on the invoice? |
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