Test: Quiz 1

Test: Quiz 1 Question 2 of 15 Next que Spring Appliances received an invoice dated November 18 with terms 4/10 E.O.M. for the items listed below. 5 refrigerators at $950 each less 20% and 5% 3 dishwashers at $690 each less 150/0, 12%, and 4% (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (c) What is the amount of the cash discount if a partial payment is made such that a balance of $2200 remains outstanding on the invoice? (a) The last day for taking the cash discount is (Type a whole number) (b) The amount due is (Round to the nearest cent as needed.) (c) The cash discount is (Round to the nearest cent as needed )