(3). Omani mark LLC exports dates to various countries in the brand name Omani Khajoor. Two main importers and trade partners of Gulf mark LLC are India and Srilanka. Omani mark LLC sold 6000 kilograms and 9000 kilograms of Omani Khajoor to India and Srilanka respectively. (a) The invoice date with India was July 06,2019, and the goods were sold for OMR 24000.The terms of the payment was 6/10,n/30.The invoice was paid on July 12,2019. You are required to : (1) Find out whether India is eligible for a discount. (ii) If yes, find the amount of discount. (iii) Find also, the total amount paid by India.
(3). Omani mark LLC exports dates to various countries in the brand name Omani Khajoor. Two main importers and trade partners of Gulf mark LLC are India and Srilanka. Omani mark LLC sold 6000 kilograms and 9000 kilograms of Omani Khajoor to India and Srilanka respectively. (a) The invoice date with India was July 06,2019, and the goods were sold for OMR 24000.The terms of the payment was 6/10,n/30.The invoice was paid on July 12,2019. You are required to : (1) Find out whether India is eligible for a discount. (ii) If yes, find the amount of discount. (iii) Find also, the total amount paid by India.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:(3). Omani mark LLC exports dates
to various countries in the brand
name Omani Khajoor. Two main
importers and trade partners of Gulf
mark LLC are India and Srilanka.
Omani mark LLC sold 6000
kilograms and 9000 kilograms of
Omani Khajoor to India and Srilanka
respectively.
(a) The invoice date with India was
July 06,2019, and the goods were
sold for OMR 24000.The terms of the
payment was 6/10,n/30.The invoice
was paid on July 12,2019.
You are required to :
(1) Find out whether India is eligible
for a discount.
(ii) If yes, find the amount of
discount.
(iii) Find also, the total amount paid
by India.
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