2. The Quickie Mart receives a shipment of batteries on Jan 20th. 15 cases are delivered. The price is $45 per case with discounts of 6% and 5% and payment terms of 1/15, n/30.

a. What is the last day payment can be made? How much must be paid?

b. What is the last day a discount can be taken? How much would be paid?

c. The supplier offers cash discounts on partial payments, if the Quickie Mart pays $500 after 13 days how much will they owe at the end of 30 days?

Answer rating: 100% (QA)

The Quickie Mart Battery Purchase Given Information Number of cases 15 Price per case 45 Discounts 6 ... View the full answer