What amount must be remitted if the following invoices, all with terms 4/10, 2/30, n/60, are paid
Question:
$850 less 20% and 10% dated March 21
$960 less 30 and 16 2⁄3% dated April 10
$1040 less 33 1⁄3%, 25%, and 5% dated April 30
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Invoice Date Net price Discount Pay March ...View the full answer
Answered By
Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
What amount must be remitted if invoices dated July 25 for $929, August 10 for $763, and August 29 for $864, all with terms 3/20, n/40, are paid together on August 30?
-
What amount must be invested today to provide for quarterly payments of $2500 at the end of every quarter for 15 years after a six-year deferral period? Assume that the funds will earn 5% compounded...
-
What amount must be set aside now to generate payments of $50,000 at the beginning of each year for the next 12 years if money is worth 5.92%, compounded annually?
-
Explain why an economic tradeoff exists between the number of trays and the reflux ratio.
-
What variables are difficult to quantify when analyzing investments in risk-control projects?
-
The equilibrium constant for formation of CuCl 2 - is given by What is the solubility of CuCl in solutions having the following analytical NaCl concentrations: (a) 5.0 M? (b) 5.0 3 10 -1 M? (c) 5.0 3...
-
An oil engine work on diesel cycle with temperature of \(27^{\circ} \mathrm{C}\) at the beginning of compression. If the ratio of adiabatic expansion is 8 , find the thermal efficiency of cycle....
-
On its acquisition-date consolidated balance sheet, what amount should TruData report as retained earnings as of July 1? a. $130,000. b. $210,000. c. $260,000. d. $510,000. On July 1, TruData Company...
-
Two + 3 . 0 nC charges are 1 0 m from each other. What is the electric potential energy of this system of particles?
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
Discount Electronics lists an article for $1020 less 25% and 15%. A competitor carries the same article for $927 less 25%. What further discount (correct to the nearest 110 of 1%) must the competitor...
-
An invoice for $3200, dated March 20, terms 3/10 E.O.M., was received March 23. What payment must be made on April 10 to reduce the debt to $1200?
-
Now draw a diagram of the market for oranges. Explain how the government policy you discussed in part (b) of Problem 5-2 is likely to affect the market price and equilibrium quantity in the orange...
-
Suppose the fast-growing energy and nutrition bar industry is composed of nine firms with the following market shares: 40 25 10 7 5 5 5 2 1 a. Calculate the 4-firm concentration ratio and the...
-
Research one of the different popular operating systems below: MS-Windows Ubuntu Mac OS FEdora Solaris Chrome OS CentOS Debian 2. Initial Post: Create a new thread and answer all three parts of the...
-
Retail business in smaller towns in India runs with two primary business models-hawkers and retail outlets. Discuss the two business models. Explain details with details explanation and conclusion.
-
Operating System Overview Conducting independent research, please write a 2-3 page paper providing an overview of operating systems. In particular, indentify the role of an operating system, methods...
-
Hrmt 214 Reflect on how your recruitment strategy (including methods) will appeal to and attract a diverse candidate pool (e.g., gender, ethnicity, etc.). For instance, perhaps you could advertise to...
-
Let X be the time to failure (in years) of a computer chip, and suppose that the chip has been operating properly for a years. Then, it can be shown that the probability that the chip will fail...
-
Based on the scenario described below, generate all possible association rules with values for confidence, support (for dependent), and lift. Submit your solutions in a Word document (name it...
-
The dot product can be used for determining the angle between two vectors: Use MATLAB's built-in functions acosd, sqrt, and dot to find the angle (in degrees) between r1 = 6i - 3j + 2k and r2 = 21 +...
-
For the function y = (x + 25)3/x2, calculate the value of y for the following values of x using element-by-element operations: 1, 2, 3, 4, 5, 6.
-
Use MAILAB to show that the angle inscribed in a semi-circle is a right angle. Use the following steps in a script file to calculate the angle. Define a variable with the value of the x coordinate of...
-
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted method and it reports the following unit data for the Forming department. Units completed in the...
-
Discuss and describe a specific process for creating artwork that involved procedures for combining diverse materials; describe in detail the selected product you posted. Part II Discuss and cite an...
-
What mechanisms do cells use to regulate vesicle trafficking within the endomembrane system, and how do SNARE proteins contribute to vesicle fusion ?
Study smarter with the SolutionInn App