Compute the discount date, the due date, the amount of discount and amount of the remittance...

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Compute the discount date, the due date, the amount of discount and amount of the remittance...

Compute the discount date, the due date, the amount of discount and amount of the remittance if the required remittance is paid within the discount period. Round your answers to two decimal places.

On March 29, Cathy Wellesby bought $7,420 worth of merchandise on terms of 2/10, net/45.

Discount date:	Select: Apr. 8, Apr. 13, May 8, May 13		Discount amount:	$
Due date:	Select: Apr. 8, Apr. 13, May 8, May 13		Remittance:	$

business accounting

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Answer 1

Answer #1


discount date (2/10) so 10 days				Apr-08
Due date (net /45) so 45 days				May-13
Discount amount (7420*2%)				148.4
Remittance (7420*98%)				7271.6

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Answer 2

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