On oct 18, an invoice dated October 18 for £4250 less 15% , 17% terms 5/10, n/30 was received by Johns Distributors. What is the last day of discount? What is the amount due if the invoice is paid in full within the discount period?
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On oct 18, an invoice dated October 18 for £4250 less 15% , 17% terms 5/10, n/30 was received by Johns Distributors.
What is the last day of discount?
What is the amount due if the invoice is paid in full within the discount period?
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Solved in 2 steps
- On May 18, an invoice dated May 17 for $4000 less 20% and 15%, terms 5/10 E.O.M. was received by Aldo Distributors. (a) What is the last day of the discount period? (b) What is the amount due if the invoice is paid within the discount period?An invoice dated November 25 for $2600 had the terms 3/15,1.5/30,n/45 E.O.M. What is the last day for taking the 1.5% discount?An invoice dated November 25 for $2600 had the terms 3/15, 1.5/30, n/45 E.O.M. What is the last day for taking the 1.5% discount? O A. December 30 O B. December 15 O c. December 10 O D. December 25
- An invoice for $75.20 has terms of 3/10, 1/30, n/60. If you make payment 25 days after the invoice date, what amount should you pay?A buyer received an invoice for P 60,000, inclusive of 12% VAT dated October 2. If the terms are 2/10, n/45 and the buyer paid the invoice within the discount period, what amount will the seller receive?PLEASE SHOW ALL WORK For terms of 8/10, n/60 determine the annual rate you, in effect, pay the supplier if you fail to pay the invoice at the end of the discount period. Express the rate with 2 decimal places.
- 1. An invoice dated June 27 for P20, 850 carried a cash discount of 5/30. If this invoice is paid on July 25, how much should be the payment?buying and sellingWhat is the total cash discount if an invoice dated March 31 for P 15,000 with a payment terms of 3/20; 1/30; n/60 is paid in full on April 20?As a buyer for the J&J company, you receive an invoice with terms 3/10, EOM, net 60. The invoice amount was $7,800.00 and was dated APR. 28. When is the last day the buyer still can get the cash discount? When is the net payment due? If the invoice was paid on June 9, what would be the cash discount amount? (in $) If the invoice was paid on July 10, what would be the net amount due? (in $)
- Should an organization take a discount of 1.5/10 N/30 on a $9,000 invoice or simply pay the bill when due?Yesterday, Smiley Company sold $22,500 of merchandise on credit. The invoice was sent today with the terms, 3/10 net 40. This customer normally pays on the net date. What is the effective rate of interest the customer is paying by not taking the discount? Assume a 365-day year.On March 19 Gunderson’s Hardware received a $20,800 invoice dated March 15. Cash discount terms were 3/10, n/30. On March 24, Gunderson sent an $8,320 partial payment. What is the outstanding amount due on this invoice? What is the outstanding on this invoice?