can you please answer all below questions and provide me solution question1 Lions Furniture received an invoice in the a
Posted: Sat Feb 26, 2022 9:03 am
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?
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?