Given: The 456 Company purchased office supplies from A-One Supplies worth P80,000 on April 04, 2021. A - One Supplies gave the buyer trade discount of 5% and 2%. The buyer and supplier agreed with the term of 5/15, n/30. Required: How much will be paid by 456 Company on April 20?
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- Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?Given: The 456 Company purchased office supplies from A-One Supplies worth P80,000 on April 04, 2021. A - One Supplies gave the buyer trade discount of 5% and 2%. The buyer and supplier agreed with the term of 5/15, n/30. Required: How much will be paid by 456 Company on April 18?Given: The 456 Company purchased office supplies from A-One Supplies worth P124,000 on July 06, 2021. A - One Supplies gave the buyer trade discount of 15% and 10%. The buyer and supplier agreed with the term of 5/15, n/60. Required: How much will be paid by 456 Company on July 21?
- Given: The 456 Company purchased office supplies from A-One Supplies worth P300,000 on Sep 29, 2021. A - One Supplies gave the buyer trade discount of 12% and 8%. The buyer and supplier agreed with the term of 5/15, n/60. Required: How much is the cash discount if paid within the discount period?1) the 456 company purchased office supplies from A-One supplies worth P44,000 on May 29, 2021. A-one supplies gave the buyer trade discount of 10% and 5%. the buyer agreed with the term 2/10, n/45. How much will be paid by 456 company on June 8? a) 36867 b) 37630 c) 44000 d) 39600 2. below are some data of the income statement accounts of wishing well company for the year dec 31, 2021: inventory,beginning 430,800 inventory,end 399,500 freight - in 36,780 purchase discount 22,500 merchandise available for sale 1,230,500 how much is the cost of goods sold? a) 777,200 b) 799, 700 c) 740,420 d) 831,000 3) the 456 company purchased office supplies from a-one supplies worth 80,000 on april 4, 2021 A- one supplies gave the buyer trade discount of 5% and 2% the buyer and supplier agreed with the term 5/15, n/30. How much will be paid by 456 company on april 18? a) 80,000 b) 76,000 c) 70,756 d) 74480Problem: On December 31, Mr. Adrian sold equipment amounting to P640,000 with a trade discount of 6%, 1%, and term of sales of 2/45, n/60. Mr. Adrian pay the shipper of the shipping costs up to the buyer's warehouse. 1. How much is the invoice price? 2. When is the due date to avail the 2% discount? 3. What is the term of shipment? Choose if: FOB Shipping Point - Freight Collect, FOB Shipping Point - Freight Prepaid, FOB Destination - Freight Prepaid, FOB Destination - Freight Collect
- Maplewood Supply received a $5,350 invoice dated 4/15/20. The $5,350 included $350 freight. Terms were 2/10, 1/30, n/60. (If more than one discount, assume date of last discount.) a. If Maplewood pays the invoice on April 27, 2020 what will it pay? Payable amount b. If Maplewood pays the invoice on May 21, what will it pay? Payable amountOn June 1, 2020, ABC Company sold merchandise with a list price of P50,000 to XYZ Company on account. ABC Company allowed trade discounts of 30%, 20% and 10%. Credit terms were 2/15, n/40 and the sales was made FOB destination. XYZ paid P2,000 of delivery costs. On June 12, 2020, how much did ABC Company receive from XYZ as full payment? A. 24,696 B. 22,696 C. 25,200 D. 23,200Bakers’ Pal regularly buys sacks of flour from Mill Company and is allowed trade discounts of 20% and 10% from the list price. Bakers’ Pal made a purchase on March 20, 2021 and received an invoice with a list price of P600,000, a freight charge of P15,000 and payment terms of 2/10, n/30. What is the cost of the purchase?
- On 10th Feb 2020, Mumtaz Car Company received an invoice of RM8,710 for the following items. Item Quantity List Price Per Unit (RM) Tire 12 370 Battery 15 210 Sport Rim ? 140 The transportation cost is RM320 and the handling charge is RM130. The company received trade discounts of y% and 15% and cash discount terms of 3/10, 5/20 and n/30. b) Calculate the value of y if the total payment RM 7,013.26 was made a week after the date of invoice.On May 12. 2020, a customer bought a business package from the seller of gadgets. The price of the contract was P 1,000,000. It was specified that the total amount will be paid on an installment basis. the following items and services will be provided to the customer:• Merchandise • Invoice Printer• Shop neon Logo• Staff TrainingAll of these will be provided and exclusively supplied by the seller company. The contract listed the following price breakdown:• Merchandise 900,000• Invoice Printer 55,000• Shop Neon Logo signboard 15,000• Staff Training 30,000The first installment payment was made 5 months before the opening of the store. All the required training of the staff was completed before the start of the operation. The store started its operation on December 12, 2020, but the shop sign was not yet installed as of this date.Required: Compute the revenue from the contract as of December 31, 2020Fill in the blanks: Problem: On December 31, Mr. Adrian sold equipment amounting to P640,000 with a trade discount of 6%, 1%, and term of sales of 2/45, n/60. Mr. Adrian pay the shipper of the shipping costs up to the buyer's warehouse. 1. How much is the invoice price? 2. When is the due date to avail the 2% discount? 3. What is the term of shipment? Choose if. FOB Shipping Point - Freight Collect, FOB Shipping Point - Freight Prepaid, FOB Destination - Freight Prepaid, FOB Destination - Freight Collect INSTRUCTIONS: 1. DO NOT ABBREVIATE THE MONTH OF YOUR ANSWER. IF YOUR ANSWER IS SEPTEMBER, ENCODE IT AS SEPTEMBER. 2. DO NOT USE COMMA AND PESO SIGN. IF YOUR ANSWER IS P1,000.50, ENCODE IT AS 1000.50 3. USE TWO DECIMAL PLACES FOR YOUR ANSWER. IF YOUR ANSWER IS P22,785, ENCODE IT AS 22785.00
