Homework Answers
3/10 EOM: there is a discount of 3% if paid within 10 days, which is September 5, from the date of receiving goods, which is Aug 27; otherwise the whole amount is due (end of credit) to be paid “end of month”, which is September 30.
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Complete the following: Invoice Date goods Terms Last day of discount period Final day bill is...
please complete part C only! Thank you in advance! s Question Help Credit terms Purchases made...
please complete part C only!
Thank you in advance!
s Question Help Credit terms Purchases made on credited in by the end of the big period. Many forms extend a discount for payment made in the first part of the ring period. The original invoice contains type of shorthand nation that the creditors that apply. (Note Assume a 365-day year) a Write the short and expression of credit barns for each of the following b. For each of the set...
Find the list price of a sofa that has a net cost of $285.00 with a...
Find the list price of a sofa that has a net cost of $285.00 with a 20/10/10 series discount. Determine the final discount date and net payment date for the following table: Invoice date Terms Date Goods Received Final Discount Date Net Payment Date May 14 3/20 ROG June 2 Invoice Amount Invoice Date Terms Date Invoice Paid Amount of Discount Amount Due $2,500 Jan. 25 4/15 EOM Feb. 13 Remember that the net payment date is always 20 days...
This Question: 2 pts 6 of 10 (0 complete) This Sierra Stone Ltd, received an invoice...
This Question: 2 pts 6 of 10 (0 complete) This Sierra Stone Ltd, received an invoice dated August 31 with terms 4/15, 1/30. The amount stated on the invoice was $4386.00 (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is $ (Round the final...
Sierra Stone Ltd. received an invoice dated March 9 with terms 3/10, 1/30. The amount stated...
Sierra Stone Ltd. received an invoice dated March 9 with terms 3/10, 1/30. The amount stated on the invoice was $4603.00 (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due iss (Round the final answer to the nearest cent as needed. Round all intermediate values...
Gazelle Corporation received an invoice dated November 13 with terms 2/10,n/30. The amount stated on the...
Gazelle Corporation received an invoice dated November 13 with terms 2/10,n/30. The amount stated on the invoice was $2908.00 (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to...
Pallette Manufacturing received an invoice dated June 13 with terms 2/10,n/30. The amount stated on the...
Pallette Manufacturing received an invoice dated June 13 with terms 2/10,n/30. The amount stated on the invoice was $4833.00. (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is $ (Round the final answer to the nearest cent as needed Round all intermediate values to...
A sales invoice included the following information: merchandise price, $14,400; terms 1/10, /eom, FOB shipping point...
A sales invoice included the following information: merchandise price, $14,400; terms 1/10, /eom, FOB shipping point with prepaid freight of $700 added to the invoice. Assuming that a credit for merchandise returned of $800 (before discount) is granted prior to payment and the invoice is paid within the discount period, what amount of cash should be received by the seller2 Oa: $792 Ob. $15,748 Oc. $14,956 Od: $14,164
Bay Street Vending received an invoice dated August 5 with terms 4/10, 1/30. The amount stated...
Bay Street Vending received an invoice dated August 5 with terms 4/10, 1/30. The amount stated on the invoice was $3165.00 (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is (Round the final answer to the nearest cent as needed. Round all intermediate values...
Sierra Stone Ltd, received an invoice dated June 12 with terms 2/10, 1/30. The amount stated...
Sierra Stone Ltd, received an invoice dated June 12 with terms 2/10, 1/30. The amount stated on the invoice was $2208.00. (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is $ (Round the final answer to the nearest cent as needed. Round all intermediate...
LG 3 P16-3, Credit terms Wendy Interior Design received four invoices with different credit terms. The...
LG 3 P16-3, Credit terms Wendy Interior Design received four invoices with different credit terms. The manager needs to determine when the invoices, all dated March 25, need to be paid to avoid late-payment charges. A summary of the invoice credit terms are presented in the table. (Note: Assume a 365-day year.) Cash discount 2.0% 1.5 3.0 Cash discount period Credit period 15 days 30 days 10 60 7 45 15 30 Beginning of credit period date of invoice end...
please complete part C only!
Thank you in advance!
s Question Help Credit terms Purchases made on credited in by the end of the big period. Many forms extend a discount for payment made in the first part of the ring period. The original invoice contains type of shorthand nation that the creditors that apply. (Note Assume a 365-day year) a Write the short and expression of credit barns for each of the following b. For each of the set...
This Question: 2 pts 6 of 10 (0 complete) This Sierra Stone Ltd, received an invoice dated August 31 with terms 4/15, 1/30. The amount stated on the invoice was $4386.00 (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is $ (Round the final...
Sierra Stone Ltd. received an invoice dated March 9 with terms 3/10, 1/30. The amount stated on the invoice was $4603.00 (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due iss (Round the final answer to the nearest cent as needed. Round all intermediate values...
Gazelle Corporation received an invoice dated November 13 with terms 2/10,n/30. The amount stated on the invoice was $2908.00 (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to...
Pallette Manufacturing received an invoice dated June 13 with terms 2/10,n/30. The amount stated on the invoice was $4833.00. (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is $ (Round the final answer to the nearest cent as needed Round all intermediate values to...
A sales invoice included the following information: merchandise price, $14,400; terms 1/10, /eom, FOB shipping point with prepaid freight of $700 added to the invoice. Assuming that a credit for merchandise returned of $800 (before discount) is granted prior to payment and the invoice is paid within the discount period, what amount of cash should be received by the seller2 Oa: $792 Ob. $15,748 Oc. $14,956 Od: $14,164
Bay Street Vending received an invoice dated August 5 with terms 4/10, 1/30. The amount stated on the invoice was $3165.00 (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is (Round the final answer to the nearest cent as needed. Round all intermediate values...
Sierra Stone Ltd, received an invoice dated June 12 with terms 2/10, 1/30. The amount stated on the invoice was $2208.00. (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is $ (Round the final answer to the nearest cent as needed. Round all intermediate...
LG 3 P16-3, Credit terms Wendy Interior Design received four invoices with different credit terms. The manager needs to determine when the invoices, all dated March 25, need to be paid to avoid late-payment charges. A summary of the invoice credit terms are presented in the table. (Note: Assume a 365-day year.) Cash discount 2.0% 1.5 3.0 Cash discount period Credit period 15 days 30 days 10 60 7 45 15 30 Beginning of credit period date of invoice end...
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