Determining Amounts to be Paid on The bill that the seller sends to the buyer.Invoices
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for From the perspective of the buyer, returned merchandise or an adjustment for defective merchandise.returns and allowances was received prior to payment and that all invoices were paid within the discount period:
Merchandise | Freight Paid by Seller | Customer Returns and Allowances | ||||||
a. | $14,000 | - | FOB destination, n/30 | $3,250 | ||||
b. | 21,200 | $380 | FOB shipping point, 2/10, n/30 | 4,000 | ||||
c. | 16,400 | - | FOB shipping point, 1/10, n/30 | 900 | ||||
d. | 7,500 | 250 | FOB shipping point, 2/10, n/30 | 1,200 | ||||
e. | 28,800 | - | FOB destination, 1/10, n/30 | - |
a. $
b. $
c. $
d. $
e. $
a. $14000 - $3,250 | $ 10,750.00 |
b. [($21,200 – $4,000) x (1-2%) + $380 | $ 17,236.00 |
c. (16400 -900)x (1-1%) | $ 15,345.00 |
d. [($7500 – $1,200) x (1-2%) + $250 | $ 6,424.00 |
e. $28,800 x (1-1%) | $ 28,512.00 |
Determining Amounts to be Paid on The bill that the seller sends to the buyer.Invoices Determine...
SE ND TO FULDB DEBUDE eBook * Show Me How Calculator 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 payme Invoices were paid within the discount period: Customer Merchandise Freight Paid by Seller Returns and Allowances FOB destination, 1/30 $3,250 a D. $14,000 21,200 $380 4,000 900 C d. FOB shipping point, 2/10, 1/30 FOB...
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 Freight Paid by Seller Customer Returns and Allowances a. $22,800 - FOB destination, n/30 $1,100 b. 9,500 $400 FOB shipping point, 1/10, n/30 1,100 c. 7,500 - FOB shipping point, 1/10, n/30 700 d. 4,600...
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 Freight Paid by Seller Customer Returns and Allowances a. $14,100 FOB destination, n/30 $700 b. $400 10,300 7,600 FOB shipping point, 1/10, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 1/10, n/30 FOB destination,...
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...
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 Freight Paid by Seller Customer Returns and Allowances a. $18,900 - FOB destination, n/30 $900 b. 11,200 $400 FOB shipping point, 2/10, n/30 1,300 c. 5,000 - FOB shipping point, 1/10, n/30 500 d. 2,700...
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 Freight Paid by Seller Customer Returns and Allowances a. $19,600 - FOB destination, n/30 $1,000 b. 10,600 $400 FOB shipping point, 1/10, n/30 1,300 c. 8,600 - FOB shipping point, 1/10, n/30 800 d. 3,800...
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 Freight Paid by Seller Returns and Allowances a. $ 12,800 — FOB shipping point, 1/10, n/30 $ 1,000 b. 6,000 $ 175 FOB shipping point, 2/10, n/30 500 c. 30,000 2,500 FOB destination,...
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 Freight Paid by Seller Customer Returns and Allowances a. $13,400 - FOB destination, n/30 $700 b. 9,500 $400 FOB shipping point, 2/10, n/30 1,100 c. 7,800 - FOB shipping point, 2/10, n/30 700 d. 3,700...
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 Freight Paid by Seller Returns and Allowance A. $32,000 FOB destination, n/30 $1,600 B. 12,800 $300 FOB shipping point, 2/10, n/30 2500 C. 21,000 FOB shipping point, 1/10, n/30 4000 D. 9,000 175 FOB shipping...
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: Customer Returns Merchandise Freight Paid by Seller $1,100 a b. c. $21,800 10,500 6,700 FOB destination, 1/30 FOB shipping point, 2/10, 1/30 FOB shipping point, 2/10,30 FOB shipping point, 1/10, 1/30 FOB destination, 2/10, 1/30 1.300...