Boeing Truck Company received an invoice showing 12 tires at $114 each, 16 tires at $164 each, and 19 tires at $184 each. Shipping terms are FOB shipping point Freight is $440; trade discount is 10/5; and a cash discount of 4/10, n/30 is offered. Assuming Boeing paid within the discount period, what did Boeing pay? (Round all intermediate calculations to two decimal places (the nearest penny) and enter your final answer rounded to two decimal places.) Payable amount 6,881.64

Boeing Truck Company received an invoice showing 12 tires at $114 each, 16 tires at $164 each, and 19 tires at $184 each. Shipping terms are FOB shipping point Freight is $440; trade discount is 10/5; and a cash discount of 4/10, n/30 is offered. Assuming Boeing paid within the discount period, what did Boeing pay? (Round all intermediate calculations to two decimal places (the nearest penny) and enter your final answer rounded to two decimal places.) Payable amount 6,881.64

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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