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Santucci Santucci Appliances received an invoice dated January18 with terms3/10 E.O.M. for the items listed below. 5 refrigerators at $910 each less 20% and 6%
Santucci Santucci Appliances received an invoice dated January18 with terms3/10 E.O.M. for the items listed below. 5 refrigerators at $910 each less 20% and 6%
4 dishwashers at $739 each less 15 2/3%, 12.7%, 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 $1900 remains outstanding on the invoice? |
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