Question: COMPLETE THIS 10. Purcell Export received an invoice dated August 21 from Dutch Specialties of Amsterdam with terms 5/20, n/45 for: 10 wood trays at

COMPLETE THIS 10. Purcell Export received an invoice dated August 21 from Dutch Specialties of Amsterdam with terms 5/20, n/45 for: 10 wood trays at $ 37.45 each; 35 wood planters at $ 43.75 each; 50 wood bowls at $ 37.25 each. a)What is the amount due if the invoice is paid in full on September 6? Round to the nearest 100th. b)If only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $ 1500? Round to the nearest 100th. 11. An invoice for $ 4755, dated 27 March, terms 3/10 E.O.M., was received 29 March. What payment must be made on 10 April to reduce the debt to $ 1900? Round to the nearest 100th. 12. Aronian Import received an invoice dated January 5 for a shipment of goods received January 11. The invoice was for $ 65525 less 8 % with terms 3/20 R.O.G. (a)How much should Aronian Import pay on January 20th to reduce its debt by $ 3000? Round to the nearest 100th. (b) OPTIONAL (one bonus mark): What amount is Aronian still owing? 13. Find the cost of an item that was sold for $ 4230 in order to realize a markup rate of 113 % based on cost. Round to the nearest 100th. 14. Karpov Dealers bought tires from a wholesaler at $ 75 dollars each and sold them at a mark-up of 25 % of cost. a)Calculate the selling price of one tire. Approximate to the nearest 100th. b)Calculate the rate (in %) of markup based on the selling price for one tire. Approximate to the nearest 100th. 15. Hum

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!