1. if the slope of a line and a point on the line are known, the equation of the line can be found using the slope intercept form y=mx+b, to do so, substitute the value of the slope and the values of x and y using the coordinates of the given point then determine the value of b. using the above technique find the equation of the line containing the points (-4,8 ) and (2, -1).

The equation is?

2. Get-Down Electronics buys MP3 players with an invoice date of April 26 and terms of sale of 4/20 EOM. Calculate the discount date.

3. A toy store buys Wiis from Nintendo with an invoice date of April 17. The terms of sale are 3/10 ROG. What is the net date if the shipment arrives June 15?

4. A home accessories store buys lamps with a net price of $24,600. The terms of sale are 4/15, n/30. If a partial payment of $14,300 is sent to the wholesaler on the discount date, what is the net amount still due?

5. Gadgets Inc. received an invoice from a supplier for raw materials that had a list price of $16,600. The supplier offered a series discount of 30/20/10 and terms of 2/10, n/30 ROG and F.O.B. destination. The supplier pre-paid the freight of $250. The invoice was dated June 10 and the goods were received on June 30. If Gadgets remitted full payment on July 10, what was the amount they paid?