Please help me answer this. Thank you so much in advance for your help! 3. If total amount of order = P 87,821.75Start of selling season November 15, 20ADate of order September 15, 20ADate of invoice --- September 29, 20ADate of shipment ---October 28, 20ADate of arrival ---November 2, 20Aa.b.Determine respective amount of discount,amount payable and maturity date for the followingdating:C.d.Instruction:Show the computationAmount in Peso should be rounded off to the nearest cent.6/12 Indirect Datinge. 5/10 Season Dating1.2.3.Terms and DatingTERMS ANDDATINGS5.2/16 Receipt of Goods, net 55 days10/8 Receipt of Goods8/10 End-of-the-MonthDating---PRINCIPALAMOUNTAMOUNT OFDISCOUNT(Principal xPercentage ofdiscount)AMOUNT PAYABLE(Principal Amountof Discount)MATURITY DATE

The discount amount and the date of maturity for the invoices have to be computed as per the terms…

Determine respective amount of discount, amount payable and maturity date for the following dating: 2/16 Receipt of Goods, net 55 days b. 10/8 Receipt of Goods 8/10 End-of-the-Month Dating 6/12 Indirect Dating 5/10 Season Dating C. d.

Determine respective amount of discount, amount payable and maturity date for the following dating: 2/16 Receipt of Goods, net 55 days b. 10/8 Receipt of Goods 8/10 End-of-the-Month Dating 6/12 Indirect Dating 5/10 Season Dating C. d.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 2Q

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Question

Please help me answer this. Thank you so much in advance for your help!

3. If total amount of order = P 87,821.75
Start of selling season November 15, 20A
Date of order September 15, 20A
Date of invoice --- September 29, 20A
Date of shipment ---October 28, 20A
Date of arrival ---November 2, 20A
a.
b.
Determine respective amount of discount,
amount payable and maturity date for the following
dating:
C.
d.
Instruction:
Show the computation
Amount in Peso should be rounded off to the nearest cent.
6/12 Indirect Dating
e. 5/10 Season Dating
1.
2.
3.
Terms and Dating
TERMS AND
DATINGS
5.
2/16 Receipt of Goods, net 55 days
10/8 Receipt of Goods
8/10 End-of-the-Month
Dating
---
PRINCIPAL
AMOUNT
AMOUNT OF
DISCOUNT
(Principal x
Percentage of
discount)
AMOUNT PAYABLE
(Principal Amount
of Discount)
MATURITY DATE

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