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Winter Company received quotations from two entities for an item of merchandise as follows: From Company A : List price P500,000, less 20%, 10%, and

Winter Company received quotations from two entities for an item of merchandise as follows:

  1. From Company A: List price P500,000, less 20%, 10%, and 10%, FOB shipping point, 2/10, n/30.
  2. From Company B: List price P500,000 less 35%, FOB shipping point. 2/10, n/30

  3. Required
  4. For each quotation, compute the invoice amount and the amount to be paid by the buyer within the discount period.

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