reduce the balance to 5 4000. Round to the nearest 100th10. Purcell Export received an invoice dated August 21 from Dutch Specialties of Amsterdam withterms 5/20, n/45 for: 10 wood trays at 5 37.45 each, 35 wood planters at $43.75 each50 wood bowls at $ 37.25 eacha)What is the amount due if the invoice is paid in full on September 6? Round to the nearest100thb)if only a partial payment is made on the last day of the discount period, what amount is dueto reduce the outstanding balance to $ 1500? Round to the nearest 100th11. An invoice for 5 4755, dated 27 March, terms 3/10 E.O.M., was received 29 March. Whatpayment must be made on 10 April to reduce the debt to $ 19007 Round to the nearest 100th12. Aronian Import received an invoice dated January 5 for a shipment of goods receivedJanuary 11. The invoice was for $ 65525 less 8 % with terms 3/20 R.O.G. (a)How muchshould Aronian Import pay on January 20th to reduce its debt by $ 3000? Round to the nearest100th (b) OPTIONAL fone bonus mark) What amount is Aronian still owing?13. Find the cost of an item that was sold for $4230 in order to realize a markup rate of 113 %based on cost. Round to the nearest 100th14. Karpov Dealers bought tires from a wholesaler at $ 75 dollars each and sold themat a mark-up of 25 % of cost.a)Calculate the selling price of one tire. Approximate to the nearest 100thb)Calculate the rate (in %) of markup based on the selling price for one tire. Approximate tonearest 100th.LaVene

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10. Purcell Export received an invoice dated August 21 from Dutch Specialties of Amsterdam with terms 5/20, n/45 for 10 wood trays at 5 37.45 each; 35 wood planters at $ 43.75 each 50 wood bowls at 5 37.25 each a)What is the amount due if the invoice is paid in full on September 67 Round to the nearest 100th b)if only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $ 1500? Round to the nearest 100th

10. Purcell Export received an invoice dated August 21 from Dutch Specialties of Amsterdam with terms 5/20, n/45 for 10 wood trays at 5 37.45 each; 35 wood planters at $ 43.75 each 50 wood bowls at 5 37.25 each a)What is the amount due if the invoice is paid in full on September 67 Round to the nearest 100th b)if only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $ 1500? Round to the nearest 100th

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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