QUESTION 5 a) Maju Jaya Trading received 40 pairs of sport shoes from a manufacturer with discounts of 6%, 5% and 1%. The invoice dated 28th January 2022 has cash discount terms of 4/10, 3/20, n/30. The total list price was RM1,950. Find the total payment if the payment was made on 8th February 2022.
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- PLEASE SHOW ALL WORK 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 paidComplement of cash discount rate = $11,500 7. 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. 8. 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? 9. You purchase goods on an invoice dated July 5 with terms of 4/15, n/45 ROG. If you receive the goods on July 23, calculate(a) the last day of the discount period, and (b) the last day of the credit period.b. Last day of credit period: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?Nicole Squash Sdn Bhd. received an invoice dated 24 May 2011 from a supplier with trade discount offer of 30% and cash discount terms 5/15, n/60 for the following items: 50 squash rackets at RM 130.65 each, 500 squash balls at RM10.50 each, and 130 wristbands for RM20.75 each. Find i) the trade discount received. ii) the last day for payment to get a cash discount. iii) the amount due if the invoice was paid in full on 5 June 2011 iv) the cash discount received if the payment was settled on the last day of the discount period.
- please help answerMaplewood Supply received a $5,430 invoice dated 4/15/20. The $5,430 included $330 freight. Terms were 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 amount 4 3 n 10 " (If more than ' 30 60Lee receives an invoice from Office Depot dated November 2nd, 2018 for $630 with terms 6/6, 3/15, n/28. This invoice was paid on November 22nd, 2018. a. How many days were there between the date of the invoice, and when the invoice was paid? Number of days = b. How much was the amount of the discount? Amount of discount = $ c. How much was paid? days Amount paid = $ (round to the nearest cent) (round to the nearest cent)
- Calculate the final payment amountbuying 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?Scarlet Company received an invoice for $67,000.00 that had payment terms of 2/5 n/30. If it made a partial payment of $16,500.00 during the discount period, calculate the balance of the invoice. Round to the nearest cent
- A machine shop has a credit card that offers rebates on purchases. At the end of May, the company had a credit card bil of $18,471.32. If the company must make a minmum payment that is the greater of $500 or 4.5% of the credit card bill, what is the minimum monthly payment for May? (Round your answer to the nearest cent.) Submt Answer View Previous Question Question 3 of 9 View Next QuestionEf 487.An invoice for $128,700 dated August 26, 2014 for a shipment of furniture has payment terms 1.5/15, E.O.M. What payment will settle the invoice if it is paid on the following dates. a. September 6? Round to the nearest cent b. September 15? Round to the nearest cent c. September 22? Round to the nearest cent