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Test 2 Calculator ? Determine the amount to be paid in full settlement of each Invoice, assuming that credit for returns and

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Answer #1

a.

Amount to be paid in full = Merchandise amount + Freight in case of FOB Shipping terms - returns and allowance

= 5100 + 355 - 500 = $4,955

b.

Amount to be paid in full = Merchandise amount - returns and allowance

= 12300 -2700  = $9,600

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