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

Question

Question

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.

Terms:	2/10,net/45	Discount date:	Select: Jan. 4, Jan. 8, Dec. 4, Dec. 8
Invoice date:	Nov. 24	Due date:	Select: Jan. 4, Jan. 8, Dec. 4, Dec. 8
Invoice amount:	$898.70	Discount amount:	$
		Remittance:	$

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1


		Discount	Dec-04
Terms	2/10,net45	date
Invoice date	Nov.24	Due date	Jan-08
Invoice amount	898.7	Dis amount	17.97
		Remittance	880.73



discount date is 2/10 that is 10 days
Due date is net /45 that is 45 days
discount amount = 898.70*2%
remittance = 898.70*98%

Add a comment

Answer 2

Similar Homework Help Questions

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. Terms: 2/10, net/25 Discount date: Select: Oct. 7, Oct. 23, Nov. 7, Dec. 23 Invoice date: Oct. 13 Due date: Select: Oct. 7, Oct. 23, Nov. 7 Dec. 23 Invoice amount: $819.24 Discount amount: $ Freight charge: $52.12 Remittance: $
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: $
Tony Chang gives good customers a cash discount of 1.5% on any amount that they pay within 5 days of the invoice date. A...

Tony Chang gives good customers a cash discount of 1.5% on any amount that they pay within 5 days of the invoice date. An invoice for $1,890 was written on February 2. The customer paid $900 on February 6. Compute the amount that Tony must credit to his customer's account. (This problem involves the partial payment of an invoice within the discount period.) Round your answer to two decimal places. $ credited

11 Complete the following by calculating the cash discount and net amount paid: Gross amount of...

11 Complete the following by calculating the cash discount and net amount paid: Gross amount of invoice (freight charge already included) Freight charge Date of invoice Terms of invoice Date of payment Cash discount Net amount paid 700 None 1814 8/14 4/10, 3/15 n/30 4/10, 315, 11308/26 8/26
The amount due on the invoice is ____ 7.4.10 Skill Builder 5 Question Help Find the amount of the discount and the amoun...

The amount due on the invoice is ____ 7.4.10 Skill Builder 5 Question Help Find the amount of the discount and the amount due. Terms Invoice Amount $11,309 Invoice Date 4/6 Date Invoice Pd 5/1 Amount Discount Amount Due 2/10 prox The discount to the customer is $ -
Save Question 8 (3 points) Find the net amount due on the following invoice. Pa discount...

Save Question 8 (3 points) Find the net amount due on the following invoice. Pa discount date. Invoice amount without shipping: $3.961.50 Terms: 2/10, n/30 Trade discount rate: 10% Shipping Charges: $66.10 Question 8 options:

QS 4-4 Computing net invoice amounts LO P1 Compute the amount to be paid for each...

QS 4-4 Computing net invoice amounts LO P1 Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period. Merchandise (gross) Terms Payment a. $8,400 2/10, n/60 b. $25,100 1/15, EOM c. $81,800 1/10, n/30 d. $18,500 3/15, n/45
An invoice in the amount of $750 is subject to a trade discount of 15%...

An invoice in the amount of $750 is subject to a trade discount of 15% and credit terms on 3/10, n/30. If the invoice is not paid within the discount period, the amount that would be paid to satisfy the invoice would be
How do you compute net income for a merchandiser O Cost of goods sold other expenses....

How do you compute net income for a merchandiser O Cost of goods sold other expenses. O Net sales - cost of goods sold other expenses. O Revenues - expenses. O Net sales - cost of goods sold. Explain what the credit terms of 2/10,n/30 mean. (Check all that apply.) The full payment is due within 10 days. The buyer can deduct 2% of the invoice amount if payment is made within 10 days of the invoice date. The buyer...

Determine Due Date and Interest on Notes Determine the due date and the amount of interest...

Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dollar. Date of Note Face Amount Interest Rate Term of Note a. January 15 $100,955 7 % 30 days b. April 1 11,345 7 90 days C. June 22...

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

Homework Answers