The following invoice was paid on November 15. (use the figure under \#9 on page 278 to answer this question) Find: (a) invoice total (b) the amount that sould be paid after the cash discount and ( c ) the total amount due, including shipping and insurance. Solve the following application problems involving cash and trade discounts. Refer to Problems 10 - 15 (Dg. GOURMET KITCHEN WHOLESALER Terms: 2/10,1/15,n/60 November 6 \begin{tabular}{|l|l|r|c|} \hline Quantity & \multicolumn{1}{|c|}{ Description } & Unit Price & Extension Total \\ \hline 16 & tablecloths, linen & @35.00 ea. & \\ \hline 8 & rings, napkin & @6.50 ea. & \\ \hline 4 cases & cups, ceramic & @25.30 ea. & \\ \hline 12 & bowls, 1 qt. stainless & @6.30 ea. & \\ \hline \multicolumn{3}{r|}{ Cash Discount } & \\ \hline & (b) Due after Cash Discount & \\ \hline & Shipping and Insurance & $38.75 \\ \hline & (c) Total Amount Due & \\ \hline \end{tabular} 10. Dick's Sporting Goods made purchases at a net cost of $46,746 after a series discount of 20/20/20. Find the list price. [7.2] 11. An invoice of $3168 from Scottish Importers has cash terms of 4/20EOM and is dated June 5. Find (a) the final date on which the cash discount may be taken and (b) the amount necessary to pay the invoice in full if the cash discount is earned. [7.4] 12. Mel's Diner purchased paper products list priced at $696 less series discounts of 10/20/10, with terms of 3/1050 extra. If the retailer paid the invoice within 60 days, find the amount paid. [7.4] 13. The Fireside Shop offers chimney caps for $120 less 25/10. The same chimney cap is offered by Builders Supply for $111 less 25/5. Find (a) the firm that offers the lower price and (b) the difference in price. [7.1] 14. The amount of an invoice from Cloverdale Creamery is $1780 with terms of 2/10,1/15, net 30 with shipping charges of $120.39. The invoice is dated March 8. (a) What amount should be paid on March 20? (b) What amount should be paid on April 3? [7.3] 15. Diamond Consulting receives an invoice dated November 23 for $2514 with terms of 3/15 EOM with shipping and insurance charges of $88.50. If the invoice is paid on December 14 , find the amount necessary to pay the invoice in full. [7.4] Find the net cost equivalent (invoice amount) for the following. Round to the nearest cent. List price: $348.22 less 10/20/10 List price: $1,308 less 20/25 Find (a) the net cost equivalent and (b) the single discount equivalent for the following series discounts. 30/10 a) b) 20/10/20 a) b) Find the final discount date for the following. \begin{tabular}{|c|c|c|c|} \hline InvoiceDate & Terms & DateGoodsReceived & FinalDiscountDate \\ \hline Feb. 10 & 4/15 EOM & Feb 16 & \\ \hline May 8 & 2/10 ROG & May 20 & \\ \hline Dec 8 & 4/15 prox. & Jan 5 & \\ \hline Oct 20 & 2/2040 extra & Oct 31 & \\ \hline \end{tabular} The following invoice was paid on November 15. (use the figure under \#9 on page 278 to answer this question) Find: (a) invoice total (b) the amount that sould be paid after the cash discount and ( c ) the total amount due, including shipping and insurance. Solve the following application problems involving cash and trade discounts. Refer to Problems 10 - 15 (Dg. GOURMET KITCHEN WHOLESALER Terms: 2/10,1/15,n/60 November 6 \begin{tabular}{|l|l|r|c|} \hline Quantity & \multicolumn{1}{|c|}{ Description } & Unit Price & Extension Total \\ \hline 16 & tablecloths, linen & @35.00 ea. & \\ \hline 8 & rings, napkin & @6.50 ea. & \\ \hline 4 cases & cups, ceramic & @25.30 ea. & \\ \hline 12 & bowls, 1 qt. stainless & @6.30 ea. & \\ \hline \multicolumn{3}{r|}{ Cash Discount } & \\ \hline & (b) Due after Cash Discount & \\ \hline & Shipping and Insurance & $38.75 \\ \hline & (c) Total Amount Due & \\ \hline \end{tabular} 10. Dick's Sporting Goods made purchases at a net cost of $46,746 after a series discount of 20/20/20. Find the list price. [7.2] 11. An invoice of $3168 from Scottish Importers has cash terms of 4/20EOM and is dated June 5. Find (a) the final date on which the cash discount may be taken and (b) the amount necessary to pay the invoice in full if the cash discount is earned. [7.4] 12. Mel's Diner purchased paper products list priced at $696 less series discounts of 10/20/10, with terms of 3/1050 extra. If the retailer paid the invoice within 60 days, find the amount paid. [7.4] 13. The Fireside Shop offers chimney caps for $120 less 25/10. The same chimney cap is offered by Builders Supply for $111 less 25/5. Find (a) the firm that offers the lower price and (b) the difference in price. [7.1] 14. The amount of an invoice from Cloverdale Creamery is $1780 with terms of 2/10,1/15, net 30 with shipping charges of $120.39. The invoice is dated March 8. (a) What amount should be paid on March 20? (b) What amount should be paid on April 3? [7.3] 15. Diamond Consulting receives an invoice dated November 23 for $2514 with terms of 3/15 EOM with shipping and insurance charges of $88.50. If the invoice is paid on December 14 , find the amount necessary to pay the invoice in full. [7.4] Find the net cost equivalent (invoice amount) for the following. Round to the nearest cent. List price: $348.22 less 10/20/10 List price: $1,308 less 20/25 Find (a) the net cost equivalent and (b) the single discount equivalent for the following series discounts. 30/10 a) b) 20/10/20 a) b) Find the final discount date for the following. \begin{tabular}{|c|c|c|c|} \hline InvoiceDate & Terms & DateGoodsReceived & FinalDiscountDate \\ \hline Feb. 10 & 4/15 EOM & Feb 16 & \\ \hline May 8 & 2/10 ROG & May 20 & \\ \hline Dec 8 & 4/15 prox. & Jan 5 & \\ \hline Oct 20 & 2/2040 extra & Oct 31 & \\ \hline \end{tabular}