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(11) Wilson Co. has received an invoice dated October 17 for 5 items with list price $900 each, and for freight of $170.
Posted: Thu May 19, 2022 3:47 pm
by answerhappygod
- 11 Wilson Co Has Received An Invoice Dated October 17 For 5 Items With List Price 900 Each And For Freight Of 170 1 (38.74 KiB) Viewed 59 times
(11) Wilson Co. has received an invoice dated October 17 for 5 items with list price $900 each, and for freight of $170. The terms were: • Trade terms: list less 20%,15%. • Payment terms: 3/10, 1/30. Find: a. The last day for payment b. The amount due if payment is made on the last day c. The last day for taking a cash discount d. The amount needed to pay the invoice on the day in (c). e. If the seller agrees to give a cash discount on a partial payment, how much credit would be applied to the account if$1,500 were paid immediately?