BUS 038 : Business Computations 4. You buy goods on an invoice dated October 28, with terms of 2/20, n/45. What is the last day of the discount period? 5. You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are “2/15, n/30,” what amount must you pay if you pay within the discount period?
BUS 038 : Business Computations 4. You buy goods on an invoice dated October 28, with terms of 2/20, n/45. What is the last day of the discount period? 5. You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are “2/15, n/30,” what amount must you pay if you pay within the discount period?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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BUS 038 : Business Computations
4. You buy goods on an invoice dated October 28, with terms of 2/20, n/45. What is the last day of the
discount period?
5. You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are “2/15,
n/30,” what amount must you pay if you pay within the discount period?
6. You receive an invoice for $18,300 with terms of 5/15, n/60. If the supplier has a policy of allowing a
cash discount for partial payments and you pay $11,500 within the discount period, calculate the
amount of credit you will receive for this payment.
Amount credited = Amount paid
Complement of cash discount rate = $11,500
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