15. Details of invoices for purchases of merchandise are as follows: a. $1,000 $25 FOB shipping...

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Question

15. Details of invoices for purchases of merchandise are as follows:

a. $1,000 $25 FOB shipping point, 1/10,n/30 $200 b. 5,000 FOB destination, n/30 400 c. 4,000 FOB shipping point, 2/10, 1/30 1

business accounting

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Answer 1

Answer #1

Calculate amount paid

a) (1000-200)*99%+25 = $817

b) (5000-400) = $4600

c) (4000-150)*98%+50 = 3823

d) 5000*99% = 4950

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Answer 2

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15. Details of invoices for purchases of merchandise are as follows: a. $1,000 $25 FOB shipping...

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Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement...

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15. Details of invoices for purchases of merchandise are as follows: a. $1,000 $25 FOB shipping...

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