Question

QS 4-4 Computing net invoice amounts LO P1 Compute the amount to be paid for each...

QS 4-4 Computing net invoice amounts LO P1

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

Merchandise (gross) Terms Payment
a. $8,400 2/10, n/60
b. $25,100 1/15, EOM
c. $81,800 1/10, n/30
d. $18,500 3/15, n/45
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Answer #1
Merchandise Term Payment
8400 2/10, N/60 8232
25100 1/15, EOM 24849
81800 1/10, n/30 80982
18500 3/15, n/45 17945
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