You work for Gregory Plumbing Supply You are responsible for
You work for Gregory Plumbing Supply. You are responsible for training a new accounting clerk. She has the following questions for you to answer about this invoice.

1. Who is the buyer?
2. Who is paying the freight?
3. What is the customer’s order number?
4. What percentage of the goods bought is the cost of the freight?
5. What are the credit terms? What do they mean?
6. How much will the buyer actually have to pay if the money is received within ten days?
7. What is the dollar amount of the discount?
8. Who receives the discount?
9. What is the due date for payment to get the discount?
10. Why would a seller give a buyer adiscount?
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help