3. An invoice, dated May 8, for $549.38 has terms of 3/15, 2/20, 1/30, n/45. If you make a payment on June 3, what amount should you pay? Round to the nearest cent.
3. An invoice, dated May 8, for $549.38 has terms of 3/15, 2/20, 1/30, n/45. If you make a payment on June 3, what amount should you pay? Round to the nearest cent.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
![nur suIund ue
I Imu u COlmll atIuI s priče for paints with a total list price of $434. Round to
the nearest cent. 250. 85
3. An invoice, dated May 8, for $549.38 has terms of 3/15, 2/20, 1/30, n/45. If you make a
payment on June 3, what amount should you pay? Round to the nearest cent.
4. The list price of Road Thunder Speakers is $120. If the manufacturer offers trade
discounts of 30/10 and terms of 3/15, n/30, find the net cost of the speakers assuming all
discounts are taken. Round to the nearest cent.
5. An invoice is received from Westminster Office Machines for $492.90 with terms of
6/15, dated March 1. (Assume partial payments are accepted and granted cash discounts
if paid within the discount périod.) If a partial payment of $155 is made on March 13,
find the balance due on the invoice. Round to the nearest cent.
Omachin cost 2,990 discount
30 /12/5
-299](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06d0c186-1684-4b27-abae-2a0583184ff9%2F35045e8e-ced3-43ea-b1ca-5aa345fd33c5%2Fyirgkss_processed.jpeg&w=3840&q=75)
Transcribed Image Text:nur suIund ue
I Imu u COlmll atIuI s priče for paints with a total list price of $434. Round to
the nearest cent. 250. 85
3. An invoice, dated May 8, for $549.38 has terms of 3/15, 2/20, 1/30, n/45. If you make a
payment on June 3, what amount should you pay? Round to the nearest cent.
4. The list price of Road Thunder Speakers is $120. If the manufacturer offers trade
discounts of 30/10 and terms of 3/15, n/30, find the net cost of the speakers assuming all
discounts are taken. Round to the nearest cent.
5. An invoice is received from Westminster Office Machines for $492.90 with terms of
6/15, dated March 1. (Assume partial payments are accepted and granted cash discounts
if paid within the discount périod.) If a partial payment of $155 is made on March 13,
find the balance due on the invoice. Round to the nearest cent.
Omachin cost 2,990 discount
30 /12/5
-299
Expert Solution
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Step 1: Introduction to Average Due Date
Average due date is the date on which if payment is made then interest paid and received will be nullify and there will be win win situation for receivable and payable.
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