Ken Bennett received an invoice dated March 9, with terms 2/10, n/30, amounting to $540. He paid the bill on March 12.1. How much was the cash discount? See Examples 1 and 2.2828-3 SECTION EXERCISESSKILL BUILDERS5. How much would Isabella pay 25 days after the invoicedate?Isabella Riddle gets an invoice for $450 with terms 4/10, 1/15, n/30. See Example 4.3. How much would Isabella pay 7 days after the invoice date?8. What amount is due if Alexa pays on or between April 22and May 6?Alexa May, director of accounts, received a bill for $648, dated April 6, with sales terms 2/10, 1/15, n/30. A 3% penalty is charged for pay7. What amount is due if the bill is paid on or between Aprilment after 30 days. See Example 4.6. Find the amount due if the bill is paid on or before April 16,10. If the net price of the invoice is $1,296.45, how much cashdiscount can Chloe take?L2. What is the net amount Ken will pay? See Example 3.See Examples 5 and 6.12. Charlene Watson received a bill for $800 dated July 5, withsales terms of 2/10 EOM. She paid the bill on August 8.How much did Charlene pay?4. How much would Isabella pay 15 days after the invoice date14. Ruby Wossum received an invoice for $798.53 datedFebruary 27 with sales terms of 3/10 EOM. How muchshould she pay if she pays the bill on April 15?CHAPTER 818. Shar$5,8of 2Chloe Duke is an accounts payable officer for her company and must calculate cash discounts before paying invoices. She is paying bills onJune 18 and has an invoice dated June 12 with terms 3/10, n/30. See Examples 1 through 3.9. If Alexa pays on or after May 7, how much must she pay!11. What is the net amount Chloe will need to pay?An invoice for $900 is dated October 15 and has sales terms of 2/10 ROG. The merchandise arrives October 21. See Example 7.16. How much is due if the bill is paid October 27?17. How much is due if the bill is paid on November 3?See Ex20. Cfo13. An invoice for a camcorder that cost $1,250 is datedAugust 1, with sales terms of 2/10 EOM. If the bill is paidon September 8, how much is due?mer15. Zack Willis received an invoice for a leaf blower for$493 dated April 15 with sales terms of 3/10 EOM. Howmuch should he pay if he pays the bill on May 4?at22

Note:- Since you asked multiple questions ,according to our policy we can solve only first question…

8-3 SECTION EXERCISES SKILL BUILDERS 2. What is the net amount Ken will pay? See Example 3, Ken Bennett received an invoice dated March 9, with terms 2/10, n/30, amounting to $$40. He paid the bill on March 12. 1. How much was the cash discount? See Examples 1 and 2. Example 4. ah would Isabella pay 15 days after the invoice e

8-3 SECTION EXERCISES SKILL BUILDERS 2. What is the net amount Ken will pay? See Example 3, Ken Bennett received an invoice dated March 9, with terms 2/10, n/30, amounting to $$40. He paid the bill on March 12. 1. How much was the cash discount? See Examples 1 and 2. Example 4. ah would Isabella pay 15 days after the invoice e

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Related questions

Q: 11. Today an electronics store took 5% off the price of a computer, and for the next two days, it…

A: Percentage off

Q: Hi, I asked this question an got an answer for it but I'm unable to understand what's happening in…

A: Debt=$15,000 Interest rate=6.8%

Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.…

A: Given that Purchase price P=$24 Annual interest rate r=4% compounded annually from 1626 to 2021…

Q: 4. Rachel is purchasing a new camera that costs $3000 for her photography business. Rachel uses a…

A: To find out how long it will take Rachel to pay off the camera, we can use the formula for the…

Q: An item is listed at $350 less 15%, 9%, and 4%. a. What is the net price of the item? Round to the…

A: a) Given, list price= $350 Also, item listed at $350 less 15%, 9% , 4% i.e 350 less 0.15, 0.09,…

Q: want to earn $200,000 annual salary when I retire in 25 years. I have been offered a job that…

Q: 10) You have $1,000 to invest for retirement and you plan to add $500 every year to the account. You…

A: We will use the following notations P : Principal amount , i : rate of interest per year , n :…

Q: EXAMPLE K.G. obtained a $156,000, 20-year balloon mortgage at 11.5% for 5 years. How much does K.G.…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

Q: Tom Grouper will need $360,000 four years from today, how much must he invest today, assuming an…

Q: A person owes $1000 on a credit card that charges an interest rate of 2% per month. Complete this…

A: solutionGivenInterest rate=2% per monthowes=1000$

Q: You are thinking about buying a house. You find one you like that costs $150,000. You learn that…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: Loan amount = 264,000 x (70%) = 184,800 Let's assume the monthly payments (EMIs) are made to pay…

Q: An item is listed at $700 less 16%, 10%, and 4%. a. What is the net price of the item? Round to the…

Q: The federal deficit is the amount by which government spending exceeds the federal budget. The topic…

Q: -S There are some excellent free personal finance apps available: Mint.com, GoodBudget, Mvelopes,…

Q: Eli opened a savings account with a one-time deposit of $400. The savings account pays a simple…

Q: 1. Calculate the ROI of an investment that you purchased at $5,300 and sold at $7,200. Round to the…

A: Given Gain from investment = $7,200 Money invested = $5,300 To find rate of interest Using formula…

Question

Ken Bennett received an invoice dated March 9, with terms 2/10, n/30, amounting to $540. He paid the bill on March 12.
1. How much was the cash discount? See Examples 1 and 2.
282
8-3 SECTION EXERCISES
SKILL BUILDERS
5. How much would Isabella pay 25 days after the invoice
date?
Isabella Riddle gets an invoice for $450 with terms 4/10, 1/15, n/30. See Example 4.
3. How much would Isabella pay 7 days after the invoice date?
8. What amount is due if Alexa pays on or between April 22
and May 6?
Alexa May, director of accounts, received a bill for $648, dated April 6, with sales terms 2/10, 1/15, n/30. A 3% penalty is charged for pay
7. What amount is due if the bill is paid on or between April
ment after 30 days. See Example 4.
6. Find the amount due if the bill is paid on or before April 16,
10. If the net price of the invoice is $1,296.45, how much cash
discount can Chloe take?
L
2. What is the net amount Ken will pay? See Example 3.
See Examples 5 and 6.
12. Charlene Watson received a bill for $800 dated July 5, with
sales terms of 2/10 EOM. She paid the bill on August 8.
How much did Charlene pay?
4. How much would Isabella pay 15 days after the invoice date
14. Ruby Wossum received an invoice for $798.53 dated
February 27 with sales terms of 3/10 EOM. How much
should she pay if she pays the bill on April 15?
CHAPTER 8
18. Shar
$5,8
of 2
Chloe Duke is an accounts payable officer for her company and must calculate cash discounts before paying invoices. She is paying bills on
June 18 and has an invoice dated June 12 with terms 3/10, n/30. See Examples 1 through 3.
9. If Alexa pays on or after May 7, how much must she pay!
11. What is the net amount Chloe will need to pay?
An invoice for $900 is dated October 15 and has sales terms of 2/10 ROG. The merchandise arrives October 21. See Example 7.
16. How much is due if the bill is paid October 27?
17. How much is due if the bill is paid on November 3?
See Ex
20. C
fo
13. An invoice for a camcorder that cost $1,250 is dated
August 1, with sales terms of 2/10 EOM. If the bill is paid
on September 8, how much is due?
mer
15. Zack Willis received an invoice for a leaf blower for
$493 dated April 15 with sales terms of 3/10 EOM. How
much should he pay if he pays the bill on May 4?
a
t
22

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

Solution 1

Solution 2

Conclusion

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

You borrow $35,000 for a home repair. You can afford to pay back $800 a month. 3. If you borrow the money directly from a bank, you have a 6.25% interest rate. How long will it take you to pay off the loan? 4. If you borrow the money using a credit card, you will have a 17.35% interest rate. How long will it take you to pay off the loan?
In April 2014, you could buy a 10-year U.S. Treasury note (“T-note,” a kind of bond) for $10,000 that pays 2.726% simple interest every year through April 4, 2024. How much total interest would it earn by then?$__________. Give your answer to the nearest whole number.
3. A youth group has a yard sale to raise money for charity. The group earns $1200 but decides to invest the money in the bank. Their bank pays an interest rate of 6% that compounds QUARTERLY. A. How much money will they have in 60 months? colisutie airi lebem of MOIOMUJATAJMO na W A How long will it take for their money to triple? Round your answer in MONTHS.
Answer the question
A student loan allows you to borrow now, and pay after you graduate. Consider a loan with a 7% annual percentage rate. No payments are due until after you graduate, but interest accrues (i.e. is added to the balance) monthly. Suppose you borrow $25,000 now. How much will you owe (including interest) at the end of 4 years? Show your work by creating a table with interest accrued each period.
A principal amount of 6,000 will be placed in a savings account. A simple interest account earns an annual percentage of 6.8%, while a compund interest account has an APR of 3.7% compunded quartely. Which account has a larger balance after 20 years?
Your client is 32 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $4,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 11% in the future. a. If she follows your advice, how much money will she have at 65? Round your answer to the nearest cent. $ b. How much will she have at 70? Round your answer to the nearest cent. $ c. She expects to live for 20 years if she retires at 65 and for 15 years if she retires at 70. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Round your answers to the nearest cent. Annual withdrawals if she retires at 65: $ Annual withdrawals if she retires at 70: $
You are purchasing a house for $100,000 and need a loan for the entire amount. Your APR is 7%, and the payment term is 30 years. Your monthly payment is $665. If you purchase four points, your new monthly payment is $599. How many months does it take to break even on the cost of the mortgage points? (Round your answer up to the next month. Example: 2.4 months = 3 months). 58 months 59 months 60 months 61 months
6
A mechanical engineer purchased a minivan for $47,000. Complete the following table to determine the cost (in dollars) of owning the minivan for the first year of ownership. Assume the minivan has an average fuel efficiency of 28 miles per gallon. Round your answer to the nearest cent. Assume there are 12 monthly payments. See Example 7 in this section. License and Registration 1.2% of Purchase Price Sales Tax 6.75% of Purchase Price Down Payment 20% of Purchase Price Depreciation 22% of Purchase Price Fuel Cost Driving 14,000 Miles Average Cost of Gasoline:$2.56 per gallon Yearly Payment 4-year Loan of 4.1% Basedon Purchase Price Less a20% Down Payment Insurance $822 Maintenance $582 Total $
can u give me the answer to question 1