can you please answer all below questions and provide me solution question1 Lions Furniture received an invoice in the a

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

can you please answer all below questions and provide me solution question1 Lions Furniture received an invoice in the a

Post by answerhappygod »

can you please answer all below questions and provide me
solution
question1 Lions Furniture received an invoice in the amount of
$8,818.94 dated September 16, 2021 with terms 5/10, 2/20, n/60. If
the invoice is to be paid in full on September 27, how much will
the payment be?
Question 4 An electronics store paid $5,095.69 for a supply of
goods from an electronics wholesaler. The wholesaler offered a
discount series of 12% and 8%. What was the original list price of
the goods?
Question4
An invoice for $7,159.25, dated February 15, 2021, with terms
3/10, n/30 was received. The retailer decides to send a
cheque on February 23 for $4,395. What is the amount
credited?
Question 6
An invoice dated November 25 for $2600 had the terms 3/15,
1.5/30, n/45 E.O.M. What is the last day for taking the 1.5%
discount?
December 30
December 10
December 25
December 15
Question 7
An item that had a list price of $895 was subject to trade
discounts of 12%, 11% and 9%. What is the single equivalent
discount rate (SEDR) that is equal to the discount series? Do
not include the percent symbol and round your answer to 2 decimal
places.
Question 8
Determine the net price if an oven has a list price of $1,594
and the distributor is offering discounts of 11%, 8% and 6%.
Question 9
An invoice dated November 25, 2021 for $1,040 had the terms
3/15, 1.5/30, n/45 EOM. What amount must be paid on December
12, 2021 to pay the total invoice?
Question 10
A restaurant buys 146 dish towels from a supplier for a list
price of $1.62 each. The supplier is offering discounts of 9%
and 4%. What is the net price of the total order of dish
towels?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply