Your current outstanding balance from your recent purchase of inventory for the month of September of...
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Your current outstanding balance from your recent purchase of inventory for the month of September of 2021 is Php 675,000. If you made equal payments on September 3, 2021, September 15, 2021, and September 23, 2021. If the following terms are given: Invoice Date: August 27, 2021 Date of goods' arrival: August 31, 2021 Shipping Fee: Php 25,000.00 (included in the invoice) Terms of Payment: FOB Shipping Point 10% trade discount 10/5, 5/15, n/30, ROG How much is the total sum of the 3 payments? How much is the original invoice ammount? Your current outstanding balance from your recent purchase of inventory for the month of September of 2021 is Php 675,000. If you made equal payments on September 3, 2021, September 15, 2021, and September 23, 2021. If the following terms are given: Invoice Date: August 27, 2021 Date of goods' arrival: August 31, 2021 Shipping Fee: Php 25,000.00 (included in the invoice) Terms of Payment: FOB Shipping Point 10% trade discount 10/5, 5/15, n/30, ROG How much is the total sum of the 3 payments? How much is the original invoice ammount?
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To calculate the total sum of the three payments and the original invoice amount we need to break down the given terms of payment and calculate accord... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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