Question: The invoice is dated 2 0 2 0 - 0 2 - 0 8 and the total amount is $ 7 5 0 , of

The invoice is dated 2020-02-08 and the total amount is $750, of which $50 is freight. The term is 1/15 net 60.You paid the invoice in full on 2020-02-24. What is the discount you are entitled to?

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 Finance Questions!

Q:

Use the chart below to answer the following question: What was the promotion rate for the Janitor job to Stockperson job (Job 1 to Job 2)? Job: Total (T1) Job1 Job2 Job 3 Job4 Jobs Jobb Quit...

Q:

June 3 Sold a wet suit to a Jet Ski customer and received a check for $126.26. The check covered the selling price of the wet suit ($118) plus 7% sales tax. June 3 Issued check number 22097 for $900...

Q:

c0mp.u.te the cash receipts journal DMMC INSTITUTE OF HEALTH SCIENCES DMMC INSTITUTE OF HEALTH SCIENCES FUNDAMENTALS OF ACCOUNTING, BUSINESS AND MANAGEMENT 2 FUNDAMENTALS OF ACCOUNTING, BUSINESS AND...

Q:

set c. Comp/u/te the purchase journal DMMC INSTITUTE OF HEALTH SCIENCES DMMC INSTITUTE OF HEALTH SCIENCES FUNDAMENTALS OF ACCOUNTING, BUSINESS AND MANAGEMENT 2 FUNDAMENTALS OF ACCOUNTING, BUSINESS...

Q:

C(o)mput(e) the SALES RETURNING ALLOWANCE & PURCHASES DMMC INSTITUTE OF HEALTH SCIENCES DMMC INSTITUTE OF HEALTH SCIENCES FUNDAMENTALS OF ACCOUNTING, BUSINESS AND MANAGEMENT 2 FUNDAMENTALS OF...

Q:

c(om)pute the following. (especially the owner's equity note: this is part of general ledger DMMC INSTITUTE OF HEALTH SCIENCES DMMC INSTITUTE OF HEALTH SCIENCES FUNDAMENTALS OF ACCOUNTING, BUSINESS...

Q:

(c) comp.u.t.e the unadjusted, adjustments, trial balance, balance sheet, income statement. DMMC INSTITUTE OF HEALTH SCIENCES DMMC INSTITUTE OF HEALTH SCIENCES FUNDAMENTALS OF ACCOUNTING, BUSINESS...

Q:

c0mp//ut/e the general ledger (c) DMMC INSTITUTE OF HEALTH SCIENCES DMMC INSTITUTE OF HEALTH SCIENCES FUNDAMENTALS OF ACCOUNTING, BUSINESS AND MANAGEMENT 2 FUNDAMENTALS OF ACCOUNTING, BUSINESS AND...

Q:

(c) C0mpute the sales journal DMMC INSTITUTE OF HEALTH SCIENCES DMMC INSTITUTE OF HEALTH SCIENCES FUNDAMENTALS OF ACCOUNTING, BUSINESS AND MANAGEMENT 2 FUNDAMENTALS OF ACCOUNTING, BUSINESS AND...

Q:

comp,ute the changes in owner's equity DMMC INSTITUTE OF HEALTH SCIENCES DMMC INSTITUTE OF HEALTH SCIENCES FUNDAMENTALS OF ACCOUNTING, BUSINESS AND MANAGEMENT 2 FUNDAMENTALS OF ACCOUNTING, BUSINESS...

Q:

The preferred stock of Denver Savings and Loan pays an annual dividend of $5.70. It has a required rate of return of 6 percent. Compute the price of the preferred stock.

Q:

A company issued 25,000 preference shares. For $15 per share and incurs $75,000.In share issue cost. Under the offset method, the share issue costs should be debited to what account?

Q:

A campus program enrolls undergraduate and graduate students. Of the students, 70% are undergraduates. If a random sample of four students is selected from the program to be interviewed about the...

Q:

examples of health & safety audits

Q:

c. On the basis of these two continua, determine Oprah Winfreys communication style. d. In your opinion, does Oprah Winfrey display style flexibility?

Q:

1. During the next week, study the listening habits of students in another class in which you are enrolled. Keep a journal of your observations by identifying the nonverbal behaviors you witness. Are...

Q:

a. On the dominance continuum, place a mark where you feel she belongs.