Question
In: Finance
Assume you have received an invoice dated April 12, 2020 for $15,670.00 with terms of 2/10/n30....
Assume you have received an invoice dated April 12, 2020 for $15,670.00 with terms of 2/10/n30. How much will you pay, assuming you will send payment on Monday, April 20, 2020.
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Appliances received an invoice dated January 14th with terms 2/10 E.O.M. for the items listed below....
Appliances received an invoice dated January 14th with terms
2/10 E.O.M. for the items listed below.
4 refrigerators at $950 each less 20% and 4%
3 dishwashers at $719 each less 16 1/3%, 12.3%, and 3%
(a) What is the last day for taking the cash discount?
(b) What is the amount due if the invoice is paid on the last
day for taking the discount?
(c) What is the amount of the cash discount if a partial
payment...
4. An invoice for $3500 dated July 17th, terms 2/10, E.O.M, is paid on August 10....
4. An invoice for $3500 dated July 17th, terms 2/10, E.O.M, is
paid on August 10. What is the amount paid?
5. Mike received a payment of $807.50 from Andrew on October 7
on an invoice of $ 2731.75 dated September 27, terms 5/10. (draw a
little chart)
(i) How much does Mike credit Andrew’s account for the
payment?
(ii) How much does Mike still owe on the invoice
6. Turf has received an invoice of $ 1005.00 dated June...
Vail Ski Shop received a $1,203 invoice dated July 10 with 4/10, 3/15, n/60 terms. On...
Vail Ski Shop received a $1,203 invoice dated July 10 with 4/10,
3/15, n/60 terms. On July 24, Vail sent a $487 partial
payment.
a. What credit should Vail receive? (Round
your answer to the nearest cent.)
b. What is Vail’s outstanding balance?
(Round your answer to the nearest cent.)
A company received an invoice for $1734.68 dated October 9 with terms 6/15, 2/30, n/60. (a)...
A company received an invoice for $1734.68 dated October 9 with
terms 6/15, 2/30, n/60.
(a) If the invoice is paid on October 20, how much is to be
paid?
(Round the final answer to the nearest cent as needed. Round all
intermediate values to six decimal places as needed.)
(b) If the invoice is paid on November 6, how much is to be
paid?
(Round the final answer to the nearest cent as needed. Round all
intermediate values to...
A company received an invoice for $3904.85 dated June 14 with terms 6/15, 2/30, n/60. (a)...
A company received an invoice for $3904.85 dated June 14
with terms 6/15, 2/30, n/60.
(a) If the invoice is paid on June 20, how much is to be
paid?
(b) If the invoice is paid on July 11, how much is to be
paid?
(c) If the invoice is paid on August 10, how much is to be
paid?
1. A company received an invoice for $3904.85 dated June 14 with terms 6/15, 2/30, n/60. ...
1.
A company received an invoice for $3904.85 dated June 14 with
terms 6/15, 2/30, n/60.
(a) If the invoice is paid on June 20, how much is to be
paid? Round the final answer to the nearest cent as needed.
(b) If the invoice is paid on July 11, how much is to be
paid? Round the final answer to the nearest cent as needed.
(c) If the invoice is paid on August 10, how much is to be...
CASH DISCOUNT 6. A manufacturer sends an invoice dated Nov. 1 with terms 2/10, n/30 in...
CASH DISCOUNT
6. A manufacturer sends an invoice dated Nov. 1
with terms 2/10, n/30 in the
amount of $950. If the invoice is paid
on or before Nov. 11, what amount is
paid? If you don’t take advantage of
the discount and the invoice is paid by
Dec. 1, what amount is paid?
19. a.) The invoice is dated March 7th, and the delivery is March 12th. Terms on...
19.
a.) The invoice is dated March 7th, and the delivery is March
12th. Terms on the purchase order are 8/10 n/30 EOM. What is the
last day the buyer can pay the bill and still receive a
discount?
b.) An invoice is dated May 12th, and merchandise is delivered
to the store on May 25th. For each of the following terms,
determine the dates, using a 30-day business calendar.
LAST DAY FOR DISCOUNT
3/10 net 30. ________
2/10-30X. ________...
June 2Romeo received an $18,000 invoice from one of its suppliers. Terms were 2/10 n/30, FOB...
June 2Romeo received an $18,000 invoice from one of its
suppliers. Terms
were 2/10 n/30, FOB shipping point.
3Romeo paid the freight bill amounting to $2,000.
4Romeo returned $2,500 of the merchandise billed on June 2
because it
was defective.
5Romeo sold $8,000 of merchandise on account, terms 3/15
n/30.
The cost of the merchandise sold was $5,100.
10Romeo paid the invoice dated June 2, less the return and the
discount.
15A customer returned $2,500 of merchandise sold on June...
June 2Romeo received an $18,000 invoice from one of its suppliers. Terms were 2/10 n/30, FOB...
June 2Romeo received an $18,000 invoice from one of its
suppliers. Terms
were 2/10 n/30, FOB shipping point.
3Romeo paid the freight bill amounting to $2,000.
4Romeo returned $2,500 of the merchandise billed on June 2
because it
was defective.
5Romeo sold $8,000 of merchandise on account, terms 3/15
n/30.
The cost of the merchandise sold was $5,100.
10Romeo paid the invoice dated June 2, less the return and the
discount.
15A customer returned $2,500 of merchandise sold on June...
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