Question
In: Accounting
Figure the total balance owed for each of the following (round to the nearest hundredth): 1)...
Figure the total balance owed for each of the following (round to the nearest hundredth):
1) Retailer purchase items from whole seller with the following terms;
- shovels@ 12/ea; purchased 12 shovels on June 20 "10/10 net 30"
- brooms @8/ea ; purchased 50 brooms on June 30 "15/5 net 30"
- boxes of nails @ 50/each;purchased 20 boxes July 1 "2/10 net 30"
- **days of Holiday included towards total days counted
- Purchaser will pay bill "in full" today. How much does she owe?
Solutions
Expert Solution
| Particulars | Gross Amount | Discount | Net Amount |
| Shovels | $ 144 | $ - | $ 144.00 |
| Broom | $ 400 | $ - | $ 400.00 |
| Boxes of nail | $ 1,000 | 20 | $ 980.00 |
| Total Owed | $ 1,524.00 |
Assuming the today's date as July 7th 2020
For any clarification, please comment. Kindly Up Vote
ekkarill92 answered 2 years agoRelated Solutions
Figure the total balance owed for each of the following (round to the nearest hundredth): 1)...
Figure the total balance owed for each of the following (round
to the nearest hundredth):
1) Retailer purchase items from whole seller with the following
terms;
shovels@ 12/ea; purchased 12 shovels on June 20 "10/10 net
30"
brooms @8/ea ; purchased 50 brooms on June 30 "15/5 net
30"
boxes of nails @ 50/each;purchased 20 boxes July 1 "2/10 net
30"
**days of Holiday included towards total days counted
Purchaser will pay bill "in full" today. How much does she...
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