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Terms of Sale - Order of Discounts: Order of Discounts: TD QD ( CD + ANT ) Be sure to pay attention to the days
Terms of Sale Order of Discounts:
Order of Discounts: TD QD CD ANT
Be sure to pay attention to the days discount & net within the terms. Be sure to enter a $ sign and show two decimal places.
To prepare for the annual Iron Bowl, the AU Bookstore purchased sweatshirts that were specially designed for gameday. Use the following information to answer the questions below:
The vendor shipped and invoiced the sweatshirts on November
The sweatshirts cost $ eath.
The trade discounts provided were and
A quantity discount was provided for ordering more than sweatshirts.
Terms were negotiated to be EOM.
Anticipation was granted at an annual interest rate of
A What is the $TD applied to this purchase?
B What is the $ applied to this purchase?
C What is the Number of ANT Days?
D What is the $ANT?
E What is the amount due if paid on December
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