Summer Appliances received an invoice dated November 14 with terms 2/10 E.O.M. for the items listed below.6 refrigerators at $920 each less 20% and 6%24 dishwashers at $701 each less 173 %, 12.7%, and 4%(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 $2200 remains outstanding on the invoice?

Answered: Image /qna-images/answer/f105d5ee-3c10-4878-a2a4-39ed01e39461.jpg

Answered: Summer Appliances received an invoice…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

A patient’s insurance policy states:Annual deductible: $300.00Coinsurance: 70-30This year the patient has made payments totaling $533 to all providers. Today the patient has an office visit (fee: $80). The patient presents a credit card for payment of today’s bill. What is the amount that the patient should pay?
On September 26, 2010, Caitlin received $2,250 from her father. She settled this amount on March 6, 2011 with interest of $146.81. No written response required. a. What was the time period of the loan, expressed in days (rounded up to the next day)? 170 161 150 179 b. What was the annual rate of simple interest charged for this loan? 1.48% 0.41% 4.86% 14.79%
A laptop can be purchased for RO 400 for 50 RO down with a payment of 12 RO per month for 36 months. What is the finance charge? O a. 432 RO O b. 350 RO O c. 32 RO O d. 82 RO Artivate Windows
Three invoices for the amounts of $35,300, $27,000, and $40,600 were received on August 5, 2014, September 4, 2014, and September 27, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on October 4, 2014 to settle all three invoices. Round to the nearest cent
ABC Corp. recently obtained a 30-year (360-month), P250,000 mortgage with a 9 percentnominal interest rate. What will be the remaining balance on the mortgage after five years (60months)?a. P239,024b. P249,307c. P239,700d. P237,056
First off this might not be the right subject but this class is under computer science at my school and this question was asked the class is discrete mathematics A person borrows $3,000 on a bank credit card at a nominalrate of 18% per year, which is actually charged at a rate of1.5% per month.a. Assume that the person does not place any additionalcharges on the card and pays the bank $150 eachmonth to pay off the loan. Let Bn be the balance owedon the card after n months. Find an explicit formulafor Bn .b. What is the total amount of money the person will havepaid for the loan? This is for my discrete mathematics class I think I have defined the correct recursive function for this being f(n) = f(n-1)(1.015) -150 my issue is making this be an explicit formula
Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare): (Round your answers to the nearest cent.) Employee Cumulative earnings before this pay period Pay amount this period Social Security Medicare Logan $128,300 $3,000 Social Security _________ ? Medicare _____________ ?
1) Ian placed $2900 in a one-year CD at the bank. The bank is paying simple interest of 6% for one year on the CD. How much insterest will Ian earn in one year?
Scarlet Company received an invoice for $67,000.00 that had payment terms of 3/5 n/30. If it made a partial payment of $15,000.00 during the discount period, calculate the balance of the invoice. Round to the nearest cent
Maroon Company received an invoice for $166,500 dated November 4, 2011 with payment terms 6/3, 3/20, n/45 for a truck-load of goods. Calculate the amount required to settle the invoice on the following dates. a. November 6, 2011. Round to the nearest cent b. November 24, 2011. Round to the nearest cent c. December 19, 2011. Round to the nearest cent
The Peel Trading Company received an invoice dated September 20 for $16,000 less 25%, 20%, terms 5/10, 2/30, n/60. Peel made a payment on September 30 to reduce the debt to $5000 and a payment on October 20 to reduce the debt by $3000. (a) What amount must Peel remit to pay the balance of the debt at the end of the credit period? (b) What is the total amount paid by Peel?

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS