Assuming that Ms. Aysha Alshuili was working as a Marketing manager of a Saud Bahwan Automobiles LLC for 5 years. She then started her own business named THE BEST OMANI DATES.   She purchased different types of Omani dates from a manufacturer and sells wholesale and retail traders across Oman.  Her terms of credit are 3/10, n/60 for all customers.  The business will give 5% trade discount only for wholesale customers and 2% of cash discount for immediate cash payment.  Her selling price of Dates per kg is OMR 3 for all the customers. 1- Assume that a retail customer who purchased 10 kg of dates on 10th day of November 2020 and paid cash immediately. What will be the amount payable by the retail customer? 2- Assume that a wholesale trader who purchased 1000 kg of dates on 1st day of November 2020 and made the final payment on 11th day of November 2020. What will be the amount payable by the wholesale trader?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assuming that Ms. Aysha Alshuili was working as a Marketing manager of a Saud Bahwan Automobiles LLC for 5 years. She then started her own business named THE BEST OMANI DATES.   She purchased different types of Omani dates from a manufacturer and sells wholesale and retail traders across Oman.  Her terms of credit are 3/10, n/60 for all customers.  The business will give 5% trade discount only for wholesale customers and 2% of cash discount for immediate cash payment.  Her selling price of Dates per kg is OMR 3 for all the customers.

1- Assume that a retail customer who purchased 10 kg of dates on 10th day of November 2020 and paid cash immediately. What will be the amount payable by the retail customer?

2- Assume that a wholesale trader who purchased 1000 kg of dates on 1st day of November 2020 and made the final payment on 11th day of November 2020. What will be the amount payable by the wholesale trader?

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