GJ Office Supplies offers the following discounts: Trade discounts of 10% at list price and another cash discount of 5% if paid in full before the due date. How mush is to paid if a customer pays before due date at a list price of P62,000.

Q: Kumi Ltd permits its customers to pay with a credit card or to receive a percentage discount ? for…

A: Given:

Q: You place an order for 1,500 units of Good X at a unit price of $52. The supplier offers terms of…

A: I must pay inside 40 days beforehand the amount is overdue.                Hence, the number of…

Q: The supplier of the bath towel is offering a discount of $25 off each order if orders are placed in…

A: Econi=omic order quantity=2×Annual demand×Ordering costCarrying cost

Q: For the next few weeks TJ Agency is offering a 20% trade discount when providing advertising…

A: Accounts Receivable:Sales form an important source of revenue for an enterprise. Sometimes, a…

Q: A $10,000 credit supply has the following terms: trade terms are 5/5 net 50, interest rate 8%. What…

A: If the amount is paid within 5 days of invoice then the 5% discount will be allowed on net amount…

Q: Kumi Ltd permits its customers to pay with a credit card or to receive a percentage discount x for…

A:

Q: GFB Co. buys on terms of 2/15, net 30 days. It does not take discounts, and it typically pays 30…

A: Free Trade credit refers to a type of financing wherein the buyer gets a credit period of…

Q: A company is offering a 4.9% discount to receivables if they agree to pay within 45 days. The…

A: A credit discount is a discount offered to the borrower of money by the lender of money if the…

Q: If vests costing $00 with terms 2/20, n/60 ROG were received by the company on April 12 with an…

A: The invoice with term ROG states that due date for invoice would be counted from the date of receipt…

Q: 6. You receive an invoice for $18,300 with terms of 5/15, n/60. If the supplier has a policy of…

A: Note: “Since you have asked multiple question, we will solve the first question for you. If you want…

Q: hould an organization take a discount of 1.5/10 N/30 on a $9,000 invoice or simply pay the bill when…

A: solution concept credit term 1.5/10 N/30            It means that if the payment is made within 10…

Q: h discount terms for a $500 purchase are 4/10 net 30, the number 10 refers to Multiple Choice   the…

A: Cash discount terms  4/10 net 30 means payment  has to be made within 10 days of purchase to avail…

Q: A store will give you a 4.00% discount on the cost of your purchase if you pay cash today.…

A: Let's assume the cost of purchase is C. On immediate payment,Discount = 4%Hence, the discounted cost…

Q: A car dealer carries out the following calculations.What is the annual percentage rate?   List…

A: The APR is 19.59%.

Q: A company buys on terms of 2/15, net 30 days. It does not take discounts, and it typically pays 35…

A: Nominal Annual Cost = Discount percent(100-Discount percent) × 365 daysTotal Pay period - Discount…

Q: Illustration: A company sells $50,000 of goods with the terms net/30. The receivable is immediately…

A: Sales price = $50,000 Factor fee = 3% Interest = 10% reserve = 8%

Q: westside traders normal credit terms to east-rand manufactures are 60 days but is prepared to allow…

A: Understanding the question Suppose East Rand Manufacturer has purchased goods of worth $100.   So,…

Q: An item sells for P25 a unit, but a 10% discount is offered for lots of 150 units or more. A company…

A:

Q: What is the implicit borrowing rate being paid by customers who choose to defer payment for the…

A: Information Provided: Discount rate = 4.75% Amount due (time) = In 1 month

Q: A customer is willing to order 100 cases listed at $20 per case to get a 15 percent quantity…

A: Calculation of Amount Customer Paid:The amount customer paid is $1,666.Excel Spreadsheet:

Q: Big Dom’s Pawn Shop charges an interest rate of 20 percent per month on loans to its customers. Like…

A: APR = given monthly rate * 12 months

Q: Breeze Corp. is planning to change its credit terms from 4/10, n/30 to 5/15, n/35. Currently, 50% of…

A: Days sales outstanding refer to average number of days that an organisation or a company takes to…

Q: Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of…

A: Cost of product = $75.00 per case Total cost = $75 x 1000 = $75,000 Trade discount = $5 x 1000 =…

Q: A bookshop had 650 copies of a book IUI sale. The books were marked at N75 per copy in order to make…

A: Profit portrays the money related advantage acknowledged when income created from a business action…

Q: Within 10 days following a sale, a company receives payment of a $20,000 account receivable with…

A: Sales discount = Accounts receivable x rate of discount

Q: Howes Inc. buys on terms of 2/15, net 50 days. It does not take discounts, and it typically pays on…

A: Costly Trade credit= Total credit - free trade credit Purchase daily = Total purchase / number of…

Q: A store will give you a 4.00% discount on the cost of your purchase if you pay cash today.…

A: Cash Discount is the discount provided by the sellers to encourage buyers to make payment of their…

Q: PLEASE SHOW ALL WORK For terms of 8/10, n/60 determine the annual rate you, in effect, pay the…

A: Credit terms = 8/10 , n/60 means if payment is made within 10 days then supplier will offer 8%…

Q: Martz Inc. has a customer loyalty program that rewards a customer with 1 customer loyalty point for…

A: Journal entry:   Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Yesterday, Smiley Company sold $22,500 of merchandise on credit. The invoice was sent today with the…

A: Here, Value of Sales is $22,500 The discount term is 3/10 net 40 Therefore, Discount Rate is 3% if…

Q: To increase sales, DD Company inaugurated a promotional campaign on June 30, 2020. DD placed a…

A: Expenses means the amount spent on running the business where as income means the amount earned…

Q: A store will give you a 1.75% discount on the cost of your purchase if you pay cash today.…

A: The concept of the time value of money states that the same amount of money is worth more today than…

Q: Pine Company offers a coffee mug as a premium for every ten P2.50 candy bar wrappers presented by…

A: Answer -  Premium Liability -  Premium Liabilities “refer to all future claim payments and related…

Q: Mabelline sells lipstick. The Mabelline Company offers a 6% discount on orders of at least 500…

A: During the sale time, the optimal ordering policy is determined by maximising the distinction…

Q: A store will give you a 5.00% discount on the cost of your purchase if you pay cash today.…

A: Calculation of the implicit borrowing rate being paid by customers: Let's assume that the cost of…

Q: A manufacturer offers a 30/25 chain discount if the invoice subtotal is above $1,000. If the list…

A: calculation of chain discount are as follows

Q: The credit terms offered to a customer by a business firm are 2/10, n/30, which means that the…

A: Credit term refers to a payment term mentioned in the invoice which stated the timing and payment of…

Q: The collection of a S600 account within the 2 percent discount period will result in a O a. debit to…

A: Accounts Receivables Accounts receivables are the amounts due from the customers of the company…

Q: A store will give you a  3.75% discount on the cost of your purchase if you pay cash today.…

A: Monthly rate is calculated below:

Q: A merchant buys a bill of goods requiring the payment of 1500php at the end of 180 days. He is…

A: Rate of discount=5%Purchase price=1500

Q: Black Panther Inc. buys on terms of 2/15, net 60 days. It does not take discounts, and it typically…

A: Credit terms indicate the percentage discount a firm can take off the invoice amount if payments…

Q: Purcell Export received an invoice dated August 21 from Dutch Specialties of Amsterdam with  terms…

A: Total amount payable = (10 wood trays x $ 37.45 each)+  (35 wood planters x $ 43.75 each) + (50 wood…

Q: A couch is priced at $980.00 if bought for cash. On the stores installment plan, a down payment of…

A: Computation of finance charge:

Q: Which one of the following statements is correct if you purchase an item with credit terms of 3/15,…

A: The credit terms are the terms of sale for customers who have been extended credit by the firm. Here…

Q: JAB Consulting received a promissory note of $13,500 at 7% simple interest for 15 months from one of…

A: Frist we need to calculate the maturity value of promissory note by using this equation. Maturity…

Q: A store charges 2% per month to its customers.find the effective annual rate.

A: Given: Monthly interest rate = 2%

Q: JAB Consulting received a promissory note of $13,500 at 9% simple interest for 15 months from one of…

A: A promissory note refers to a legal instrument in which the promise is made in writing that the…

Q: A trade credit bill of $80,000 with terms of sale of 2/5, net 30 means the buyer saves if the bill…

A: Answer= $1,600        if the bill paid with in discounted period of 5 days he will entitled to 2%…

Q: LYD Corp. receives an order from a new customer, amounting $55,000. LYD Corp. uses 45-day credit…

A: In order to make decision on feasibility of a customer order, we are required to calculate the net…