How much is the remaining balance on due date? Invoice Date: 11/5/14 Date of goods’ arrival: 11/8/14 List Price: P368,900 Shipping fee: P3,240 (separate invoice) Terms of Payment: FOB Destination 8% Trade discount 6/10,3/20, n/30 Partial Payments: P90,000 on Nov 8, 2014 P130,000 on Nov 14, 2014 P40,000 on Nov 21, 2014 P50,000 on Nov 25, 2014

How much is the remaining balance on due date? Invoice Date: 11/5/14 Date of goods’ arrival: 11/8/14 List Price: P368,900 Shipping fee: P3,240 (separate invoice) Terms of Payment: FOB Destination 8% Trade discount 6/10,3/20, n/30 Partial Payments: P90,000 on Nov 8, 2014 P130,000 on Nov 14, 2014 P40,000 on Nov 21, 2014 P50,000 on Nov 25, 2014

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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