Spring Appliances received an invoice dated February 15 with terms 3/10 E.O.M. for the items listed below. 6 refrigerators at $1010 each less 25% and 6% 3 dishwashers at $624 each less 17%, 12.3%, and 3% (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (c) What is the amount of the cash discount if a partial payment is made such that a balance of $1800 remains outstanding on the invoice
Spring Appliances received an invoice dated February 15 with terms 3/10 E.O.M. for the items listed below. 6 refrigerators at $1010 each less 25% and 6% 3 dishwashers at $624 each less 17%, 12.3%, and 3% (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (c) What is the amount of the cash discount if a partial payment is made such that a balance of $1800 remains outstanding on the invoice
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Spring Appliances received an invoice dated February 15 with terms 3/10 E.O.M. for the items listed below.
6 refrigerators at $1010 each less 25% and 6%
3 dishwashers at $624 each less 17 %. 12.3%, and 3%
(a) What is the last day for taking the cash discount?
(b) What is the amount due if the invoice is paid on the last day for taking the discount?
(c) What is the amount of the cash discount if a partial payment is made such that a balance of $1800 remains outstanding on the invoice?
(a) The last day for taking the cash discount is February 15
(Type a whole number.)
(b) The amount due is $
(Round to the nearest cent as needed.)
(c) The cash discount is s
(Round to the nearest cent as needed.)
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