Compute the amount to be paid for each of the four separate invoices assuming that all...

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Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount

Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.

Terms Payment a. Merchandise (gross) $ 6,600 b. $ 22,400 $ 78,200 d. $ 14,000 2/10, n/60 1/15, EOM 1/10, n/30 3/15, n/45

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Answer 1

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Answer #1

Answer:

solution:
	amount to be paid = Gross amount * (1-discount %)	Payment($)
a)	6600*(1-0.02)	6,468
b)	22400*(1-0.01)	22,176
c)	78200*(1-0.01)	77,418
d)	14000*(1-0.03)	13,580

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Answer 2

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