Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.
Homework Answers
a. Amount to be paid = ($4,500 – $1,200) – ($3,300 × 2%) + $140 = $3,374
b. Amount to be paid = ($7,650 – $450) – ($7,200 × 1%) = $7,128
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Determine the amount to be paid in full settlement of each invoice,assuming that credit for...
Determine the amount to be paid in full settlement of each invoice, assuming that credit for...
Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Freight Paid by Seller Freight Terms Returns and Allowances a. $4,400 $238 FOB Shipping Point, 1/10, net 30 $400 b. $5,800 $90 FOB Destination, 2/10, net 45 $1,300
Determine the amount to be paid by the buyer for full settlement of each invoice, assuming...
Determine the amount to be paid by the buyer for full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Transportation Paid by Seller Transportation Terms Returns and Allowances (a) $6,500 $301 FOB Shipping Point, 1/10, net 30 $700 (b) $8,300 $91 FOB Destination, 2/10, net 45 $1,800 a. $ b. $
Question 3 6 Points Determine the amount to be paid in full settlement of the invoice...
Question 3 6 Points Determine the amount to be paid in full settlement of the invoice assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period, Merchandise Freight paid by seller Freight terms Returns and Allowances 119000 8000 FOB shipping point, 1/10, Net30 27000 Add your answer
Determine the amount to be paid in full settlement of each of two invoices, (a) and...
Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Merchandise (Invoice Amount)Freight Paid by SellerFreight TermsReturns and Allowances (Invoice Amount) a.$6,000 $600 FOB destination, 2/10, n/30$1,700 b.3,800 600 FOB shipping point, 1/10, n/30700
Freight Terms Determine the amount to be paid in full settlement of each of two invoices,...
Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Merchandise (Invoice Amount)Freight Paid by SellerFreight TermsReturns and Allowances (Invoice Amount) a.$6,000 $600 FOB destination, 2/10, n/30$1,700 b.3,800 600 FOB shipping point, 1/10, n/30700 a.$ b.$
Determining the amount to be paid in full settlement of each of the following invoices, assuming...
Determining the amount to be paid in full settlement of each of
the following invoices, assuming that credit for returns and
allowances was received prior to payment and that all invoices were
paid within the discount period:
Online teaching and learning Congrelow v.cengaged kaks Window CS Determining Amounts to be don e s Determine the amount to be dis ment of each of the following invoices, assuming that credit for returns and received prior to s t and that invoices...
Test 2 Calculator ? Determine the amount to be paid in full settlement of each Invoice,...
Test 2 Calculator ? Determine the amount to be paid in full settlement of each Invoice, assuming that credit for returns and allowances was received prior to payment and that all Involces were paid within the discount period Freight Paid by Seller Returns and Allowances Merchandise Freight Terms a. $5,100 $355 5500 FOB Shipping Point, 1/10, net 30 FOB Destination, 2/10, net 45 b. $12,300 $69 $2,700 b. $ Previous Next All work saved. Save and Exit Submit Test for...
Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement...
Determining Amounts to be Paid on Invoices
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowanceswas received prior to payment and that all invoices were paid within the discount period.
Determine the amount to be paid in full settlement of each of two invoices (a) and...
Determine the amount to be paid in full settlement of each of two invoices (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Merchandise Freight Paid by Seller Freight Terms Returns and Allowances a. $9,000 $400 FOB shipping point, 2/10, n/30 $1,350 b. 4,000 500 FOB destination, 1/10, n/30 1,200 a. $ b. $
Determining Amounts to be paid on Invoices Determine the amount to be paid in full settlement...
Determining Amounts to be paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period: Merchandise Invoice Amount Freight Paid by Seller Customer Returns and Allowances $20,000 $1,000 12,500 $500 1,500 8,100 FOB destination, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 1/10, n/30 FOB...
Question 3 6 Points Determine the amount to be paid in full settlement of the invoice assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period, Merchandise Freight paid by seller Freight terms Returns and Allowances 119000 8000 FOB shipping point, 1/10, Net30 27000 Add your answer
Determining the amount to be paid in full settlement of each of
the following invoices, assuming that credit for returns and
allowances was received prior to payment and that all invoices were
paid within the discount period:
Online teaching and learning Congrelow v.cengaged kaks Window CS Determining Amounts to be don e s Determine the amount to be dis ment of each of the following invoices, assuming that credit for returns and received prior to s t and that invoices...
Test 2 Calculator ? Determine the amount to be paid in full settlement of each Invoice, assuming that credit for returns and allowances was received prior to payment and that all Involces were paid within the discount period Freight Paid by Seller Returns and Allowances Merchandise Freight Terms a. $5,100 $355 5500 FOB Shipping Point, 1/10, net 30 FOB Destination, 2/10, net 45 b. $12,300 $69 $2,700 b. $ Previous Next All work saved. Save and Exit Submit Test for...
Determining Amounts to be Paid on Invoices
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowanceswas received prior to payment and that all invoices were paid within the discount period.
Determining Amounts to be paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period: Merchandise Invoice Amount Freight Paid by Seller Customer Returns and Allowances $20,000 $1,000 12,500 $500 1,500 8,100 FOB destination, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 1/10, n/30 FOB...
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