Homework Answers
| a. | |||||||||||
| Stacy has made the made the payment within 15 days from date of purchase and not 10 days and thus it would be eligible to receive cash discount of 4% | |||||||||||
| Amount of credit | Partial payment/(1-discount rate) | ||||||||||
| Amount of credit | 253/(1-0.04) | ||||||||||
| Amount of credit | $263.54 | ||||||||||
| b. | |||||||||||
| Outstanding balance | 1160-263.54 | ||||||||||
| Outstanding balance | $896.46 | ||||||||||
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ter 7 Assignment Served 3 Stacy's Dress Shop received a $1160 invoice dated July 19 with...
Stacy's Dress Shop received a $1,150 invoice dated July 18 with 4/10, 3/15, n/60 terms. On...
Stacy's Dress Shop received a $1,150 invoice dated July 18 with 4/10, 3/15, n/60 terms. On August 01, Stacy's sent a $252 partial payment. a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance
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4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms...
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms were 3/10, 1/30. On March 23, Jangles sent an $8.320 partial payment a. What credit should Jangles receive? (Round your answer to the nearest cent.) Credi im b. What is Jangles' outstanding balance? (Round your answer to the nearest cent) Outstanding balance
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Spring Appliances received an invoice dated June 16 with terms 2/10 E.O.M. for the items listed...
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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...
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Stacy's Dress Shop received a $1,150 invoice dated July 18 with 4/10, 3/15, n/60 terms. On August 01, Stacy's sent a $252 partial payment. a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance
est 0 Help Save & Exit Submit Stacy's Dress Shop received a $1,090 invoice dated July 12 with 2/10, 1/15, n/60 terms. On July 26. Stacy's sent a $246 partial payment a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance < Prev 6 of 20 !! Next >
Vail Ski Shop received a $1.213 invoice dated July 20 with 2/10, 1/15, /60 terms. On August 03, Vail sent a $497 partial payment. a. What credit should Vail receive? (Round your answer to the nearest cent.) Credit b. What is Vail's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms were 3/10, 1/30. On March 23, Jangles sent an $8.320 partial payment a. What credit should Jangles receive? (Round your answer to the nearest cent.) Credi im b. What is Jangles' outstanding balance? (Round your answer to the nearest cent) Outstanding balance
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