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Scarlet Company received an invoice for $70,000.00 that had payment terms of 3/5 n/30. If it made a partial payment of $16,000.00 during the discount

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Scarlet Company received an invoice for $70,000.00 that had payment terms of 3/5 n/30. If it made a partial payment of $16,000.00 during the discount period, calculate the-balance of the invoice. Round to the nearest cent Ashley received an invoice for $3,000 that had payment terms of 3/10n/30. He made a partial payment of $1,500 during the discount period. a. Calculate the amount credited. Round to the nearest cent b. Calculate the balance on the invoice after the partial payment was made. Round to the nearest cent Three invoices for the amounts of $35,100,$27,000, and $41,200 were received on June 18,2014 , July 18,2014 , and August 10,2014 , respectively. If the payment terms are 3/7. 2/30,n/60, calculate the amount that must be paid on August 17,2014 to settle all three invoices. Round to the nearest cent Standard Appliances obtains refrigerators for $1,460 less 26% and 10%. Standard's overhead is 16% of the selling price of $1,485. A scratched demonstrator unit from their floor display was cleared out for $1,170. a. What is the regular rate of markup on cost for a demonstrator unit? % Round to two decimal places b. What is the rate of markdown on the demonstrator unit? % Round to two decimal places c. What is the operating profit or loss on the demostrator unit? Round to the nearest cent d. What is the rate of markup on cost that was actually realized for the scratched demonstrator unit? % Round to two decimal places

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