Question

mont Company uses ordinary dating in paving off its invoices. It receive dated as follows: ang in paying off its invoices. It received three invoices (a) March 16th for $800 (b) March 27th for $1200 (c) April 8th for $650 The terms of payment are: 3/10, 2/20, n/60. All three invoices are due on Question: Calculate the total amount that must be paid on April 15th. Please show all work... (4 marks)

Answer 1

Soultim Erdinary dating This means you get af discount if you peut within days of receving the invoice you must pay the bill within 30 days or you start counting the days on the day after the date on the invouc & All three invoices are due on April 15th date of invoice intrest Amount Total Amount days to left march 16th 2.1. 800 14+15 = = 29 days 3+29+212 u +15=19 ae on April 15th duconapilis "plorth 2.1 Qob 456 march 27th (1200x19x24) = April 8th 2.1 650 days (650 X 2.11A) = 91 2650 1011 Amount Total paid on April 15th = 3661