An invoice received from Royal Exporters totaled $ 695.50$695.50​, was dated October 33​, and offered terms of 2 divided by 12 ROG.2/12 ROG. The shipment was received November 2727. If the invoice was paid on December 1313​, find the net amount due. Round to the nearest cent.

A credit sale of $3800 is made on April 25, terms 1/10, n/30, on which a return of $300 is granted on April 28. What amount is received as payment in full on May 4? $3465 • $3800 • $3500 Ⓒ $3762

You received invoices from Wengo Industries dated Jan 20 for $2800, Jan 25 for $4200, and Feb 1 (non-leap-year) for $1500. You have also made a payment of $4800 on Jan 27th.  The invoices all have terms of 3/10, n/30. What total amount must be paid on Feb 5 to settle the remaining balance on all the invoices?

Presented below are three revenue recognition situations. (a)   Groupo sells goods to MTN for $1,060,000, payment due at delivery. (b)   Groupo sells goods on account to Grifols for $723,000, payment due in 30 days. (c)   Groupo sells goods to Magnus for $458,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $421,000. Indicate the transaction price for each of these situations and when revenue will be recognized.     (a)   (b)   (c) Transaction Price   $enter a dollar amount   $enter a dollar amount   $enter a dollar amount Revenue will be recognized   choose when revenue will be recognized                                                           At the point of saleAt delivery   choose when revenue will be recognized                                                           At the point of saleAt the time of payment   choose when revenue will…