Homework Answers
| A) (21,700 - 1100) | 20,600 |
| B) (11,400-1,400)*99% + 500 | 10,400 |
| C) (8,300 - 700)*98% | 7448 |
| D) (3,400-500)*98% + 100 | 2942 |
| E) (1200*99%) | 1188 |
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Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for retu...
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 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...
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...
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...
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...
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...
Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement...
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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...
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T Tennis Determine the amount to be paid in full settlement of each of two invoices,...
T Tennis 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 $5,050 $700 FOB destination, 2/10, n/30 $1,700 3,400 300 FOB shipping point, 1/10, n/30 700
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. $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,...
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