4. Find the (a) cash discount and (b) net amount due if the following invoices are paid within the disco period. Net invoice price P3,265 Net amount due Terms of payment 3. Cash discount 10'30 21 P 1,342 15'60 2 n P985 5 15

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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C. P177.60
d.
P29.60
P74.40
P300
P620
30%
e.
4. Find the (a) cash discount and (b) net amount due if the following invoices are paid within the discoun
period.
Net invoice price
P3,265
Net amount due
Terms of payment
3 п
Cash discount
10'30
P 1,342
15'60
2 n
P985
5'15
5. Find the (a) deadline for discount period, (b) deadline for credit period, (c) cash discount and (d)
amount due for the following cases.
Deadline
of
discount
Net
Deadline
of credit
Invoice
Terms of
Cash
Invoice
date
amount
due
amount
payment
discount
period
period
1 n
P 1,675
Jan. 15
15'45
P645
Feb. 25
10'30
1n
P 895
March 12
10'45
3 2
P785
April 22
.
15'20'90
6. The net invoice price of a wall clock is P287.00. If the discount granted was 18%, find:
a. Net invoice price rate
b. List price
C. Discount
7. The net invoice price of a dining table is P6,187.50, representing 75% of the list price. Find:
a. List price
b. Discount
Transcribed Image Text:C. P177.60 d. P29.60 P74.40 P300 P620 30% e. 4. Find the (a) cash discount and (b) net amount due if the following invoices are paid within the discoun period. Net invoice price P3,265 Net amount due Terms of payment 3 п Cash discount 10'30 P 1,342 15'60 2 n P985 5'15 5. Find the (a) deadline for discount period, (b) deadline for credit period, (c) cash discount and (d) amount due for the following cases. Deadline of discount Net Deadline of credit Invoice Terms of Cash Invoice date amount due amount payment discount period period 1 n P 1,675 Jan. 15 15'45 P645 Feb. 25 10'30 1n P 895 March 12 10'45 3 2 P785 April 22 . 15'20'90 6. The net invoice price of a wall clock is P287.00. If the discount granted was 18%, find: a. Net invoice price rate b. List price C. Discount 7. The net invoice price of a dining table is P6,187.50, representing 75% of the list price. Find: a. List price b. Discount
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