4. An invoice of OMR 15000 with the terms 6/10, 3/15, n/30 is dated on June...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
4. An invoice of OMR 15000 with the terms 6/10, 3/15, n/30 is dated on June 15. The goods are received on June 23. The bill is paid on July 5. Calculate the amount of discount paid. (3 Marks) a) Ordinary b) EOM c) ROG 4. An invoice of OMR 15000 with the terms 6/10, 3/15, n/30 is dated on June 15. The goods are received on June 23. The bill is paid on July 5. Calculate the amount of discount paid. (3 Marks) a) Ordinary b) EOM c) ROG
Expert Answer:
Answer rating: 100% (QA)
Invoice terms are 610 315 n 30 That means a 6 discount if payment is made within 10 ... View the full answer
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date:
Students also viewed these accounting questions
-
An invoice of OMR 15000 with the terms 6/10, 3/15, n/30 is dated on June 15. The goods are received on June 23. The bill is paid on July 5. Calculate the amount of discount paid. A retailer buys an...
-
An invoice for $1,200 is dated on June 3, and terms of 3/10, n/30 are offered. A payment of $800 is made on June 12, and the remainder is paid on July 12. Find the amount remitted on July 12 and the...
-
On June 29, Josef received an invoice for $815.49, dated June 27. If the terms of the invoice are 2/10, 1/20, n/60, what amount is required on July 7 to pay the invoice in full?
-
In many cases a group of people must make a decision that involves multiple objectives. In fact, difficult decisions usually are dealt with by committees composed of individuals who represent...
-
A national survey of companies included a question that asked whether the company had at least one bilingual telephone operator. The sample results of 90 companies follow (Y denotes that the company...
-
Determine the missing element in the following matrix addition. 10 -8 + -10 2 -6 6 -6 *] * [* ] [** -6 -10 0
-
Under IFRS, for non-financial companies, most non-current assets are measured at: A. Fair value. B. The lower of cost or fair value. C. Cost less depreciation and impairment. D. Net realisable value.
-
The U.S. Census bureau serves as the leading source of quantitative data about the nation's people and economy. The following cross tabulation shows the number of households (1000s) and the household...
-
1) Let a be a constant. Each of following represent a plane a) - 2x+4y-2z=6 boc + 3ay+32=6 6x + (6a-36)g + 6b2 =6 Show that finding the intersection of the 3 planes is equilavant to solving the...
-
Thriller Corporation has one class of voting common stock, of which 1,000 shares are issued and outstanding. The shares are owned as follows: Joe Jackson ......................................... 400...
-
Ethical leadership should be expected. What are some requirements, expectations, and benefits of ethical leadership? Provide at least one example of each.
-
A bank manager wants to investigate the wait time for customers at an ATM machine within a centrally located mall, especially between 5 . 0 0 and 6 . 0 0 pm during weekends. Data collected from a...
-
Find solution For the following expression: (12x+55x+90)(4x+5)
-
Solve the system of equations by the substitution method. 4x - y = 37 7x+2y= 61 The solution set is (Simplify your answer. Type an ordered pair.)
-
Simplify the rational expression. y2 3y-18 - 5y + 19y + 12
-
Use long division to divide. (5x32x211x+8) (5x+8)
-
AAA Stock pays dividends once a year. AAA paid $2.00 last year, and is projected to pay $2.20 next year. Based on your research, you believe the price will be $32 per share next year when you sell...
-
A city maintains a solid waste landfill that was 12 percent filled at the end of Year 1 and 26 percent filled at the end of Year 2. During those periods, the government estimated that total closure...
-
Extend the income statement for Miss Muffins' Bakery to include the amounts of increase or decrease and the percents of increase or decrease for a horizontal analysis? Miss Muffins' Bakery...
-
Jamie Loden has 100/500/100 vehicle insurance. He has a $250 deductible on comprehensive and a $1,000 deductible on collision. Jamie had an at-fault crash into another vehicle while texting. Carolyn,...
-
Use the formula I = P(R D/365) to find the exact interest on $100 for 30 days and 7.50%. D is the exact number of days.
-
Draw a cash flow diagram of any investment that exhibits both of the following properties: 1. The investment has a 4-year life. 2. The investment has a 10 percent/year internal rate of return.
-
What is the internal rate of return of the following cash flow diagram? a. 20 percent b. 18.2 percent c. 17.5 percent d. 15 percent $30 $31 0 1 2 3 $30 $15
-
Quilts R Us (QRU) is considering investing in a new patterning attachment with the cash flow profile shown in the table below. QRU's MARR is 13.5 percent/year. a. What is the internal rate of return...
Study smarter with the SolutionInn App