An invoice dated May 15 with trade discounts of 25%, 20% and 5% has terms of 8/10, net 30. the invoice is for : quantity : 3 dozen tops -$35 per unit 4 dozen skirts-$45 per unit 6 dozen jeans -$50 per unit . how much should be paid on May 25? how much should be paid June 10?

An invoice dated May 15 with trade discounts of 25%, 20% and 5% has terms of 8/10, net 30. the invoice is for : quantity : 3 dozen tops -$35 per unit 4 dozen skirts-$45 per unit 6 dozen jeans -$50 per unit . how much should be paid on May 25? how much should be paid June 10?

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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Question

100%

An invoice dated May 15 with trade discounts of 25%, 20% and 5% has terms of 8/10, net 30.

the invoice is for :

quantity :

3 dozen tops -$35 per unit

4 dozen skirts-$45 per unit

6 dozen jeans -$50 per unit .

how much should be paid on May 25?

how much should be paid June 10?

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