10) Complete the table. Last Date to Take Discount Terms Invoice Date Last Date Date to Pay Invoice Net Price Complement of cash-discount Cash Paid Price rate 22-Nov. 7/10, n/30 1-Dec. $4,178.45
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- Calculate APR by table lookup: (Round your answers to the nearest cent.) PurchasePrice DownPayment Number ofmonthly payments Amountfinanced Total Payment $5950 $150 40 $5800 $6900 APR 5.7 % - %Complete the following invoice, finding the net price using the single trade discount rate.QtyItemUnit priceList price3535Notebooks$1.311.314545Looseleaf paper$0.880.882525Ballpoint pens$0.830.83Total list price3535% trade discountNet priceFill in, rounding to the nearest cent as needed.QtyItemUnit priceList price3535Notebooks$1.311.31$nothingUsing the ordinary dating method, calculate the discount date and the net date for thefollowing transactions.Date of Invoice Terms of Sale Discount Date(s) Net Date13. January 29 2/10, 1/20, n/60
- Solve for the amount of discount and amount due.Invoice amt: $533.75Invoice date: Mar 7Terms: 2/10 - 20xGoods rec'd: Mar 9Date paid: Apr 6An invoice is dated October 24 with terms of 4/18 EOM. Assuming the net date is 20 days after the discount date, find the following. (a) What is the discount date? ---Select--- January February March April May June July August September October November December (b) What is the net date? ---Select--- January February March April May June July August September October November Decembercompany A issues an invoice upon selling its product to company bBelow is the information extracted from the invoiceprice : $ 100quantity: 50Term: n/3; 2/10date : 2022-oct-10 find the discount amount? and discount period?
- Refer to RE6-3. Assume Long records accounts receivable and sales using the net price method. Prepare the related journal entries for Long.Using the ordinary dating method, calculate the discount date and net date for the following transaction date of invoice April 23 terms of sale 3/15,n/60??Calculate the missing information for the purchase. Item SellingPrice SalesTaxRate SalesTax(in $) ExciseTax Rate ExciseTax TotalPurchase Price(in $) Sofa $850.00 5 $ 0 0 $
- Suppose the following:Beginning Inventory = 11257Ending Inventory= 12407Beginning Receivables = 6167Ending Receivables = 6879Beginning Payables = 8498Ending Payables = 8829Credit Sales = 93480Cost of Goods Sold = 72325Calculate the following (round final answers to 2 decimal places):Operating Cycle = daysCash Cycle = daysSuppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.)Use the ordinary dating method, calculate the discount and the net date for the transaction. date of invoice terms of sale discount dates new date october 11 3/20, n/45