Three invoices for the amounts of $35,600, $27,000, and $41,750 were received on September 27, 2014, October 27, 2014, and November 19, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on November 26, 2014 to settle all three invoices. Round to the nearest cent
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- Three invoices for the amounts of $34,800, $27,000, and $40,550 were received on July 7, 2014, August 6, 2014, and August 29, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on September 5, 2014 to settle all three invoices. Round to the nearest centThree invoices for the amounts of $35,100, $26,000, and $40,250 were received on September 28, 2014, October 28, 2014, and November 20, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on November 27, 2014 to settle all three invoices. $0.00 Round to the nearest cent.Three invoices for the amounts of $35,600, $28,000, and $40,550 were received on August 25, 2014, September 24, 2014, and October 17, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on October 24, 2014 to settle all three invoices. b Calculate the missing values and express your answers rounded to two decimal places. Cost Amount ofMarkup SellingPrice Rate of Markupon Cost Rate of Markupon Selling Price a. $270.00 25.00% % b. $68.00 % 26.00%
- What amount must be remitted if invoices dated August 23 for $810, September 13 for $780 and September 22 for $905, all terms 2/10 E.O.M., are paid together on October 5? DCM Clocks received the following two invoices from its supplier: $25,000 on August 29, 2014 and $24,000 on September 8, 2014. If the payment terms on both the invoices were 2.5/10, 1/20, n/60, calculate the amount that must be paid by DCM Clocks to settle both of these invoices on September 18, 2014. David, the owner of a brewery in Toronto, receives a shipment of barley on August 1, 2014 with an invoice dated July 24, 2014 valued at $39,900 and cash discount payment terms 2/10, n/30, R.O.G. What cash discount would he receive if the invoice is settled on the following dates? August 4, August 11, August 24A Scarlet Company received an invoice for $71,000.00 that had payment terms of 4/5 n/30. If it made a partial payment of $14,700.00 during the discount period, calculate the balance of the invoice. B Three invoices for the amounts of $34,800, $24,000, and $41,550 were received on August 25, 2014, September 24, 2014, and October 17, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on October 24, 2014 to settle all three invoices.the company received an invoice for $230,250 dated November 9, 2017 with payment terms 5/5, 1/20, n/45 for a truck-load of goods. Calculate the amount required to settle the invoice on the following dates: a. November 13, 2017 Round to the nearest cent b. December 24, 2017 Round to the nearest cent Round to two decimal place
- Three invoices for the amounts of $36,000, $26,000, and $41,900 were received on August 27, 2014, September 26, 2014, and October 19, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on October 26, 2014 to settle all three invoices. Round to the nearest cent Ivy purchases phones for $280.50 each and is selling them for $310.00 each. a. What is the rate of markup on cost? % Round to two decimal places b. What is the rate of markup on selling price? % Round to two decimal placesOn December 12, 2018, Pace Electronics received $24,000 from a customer toward a cash sale of $240,000 ofdiodes to be completed on January 16, 2019. What journal entries should Pace record on December 12 andJanuary 16?On January 1, 2016, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be $25,000 each, and will be paid on December 31, 2016, 2017, and 2018. The last three are to be $40,000 each and will be paid on December 31, 2019, 2020, and 2021. Montgomery borrowed other money at a 10% annual rate. Required: 1. At what amount should Montgomery record the note payable and corresponding cost of the building on January 1, 2016? 2. How much interest expense on this note will Montgomery recognize in 2016?
- 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?I need part a and b only Three invoices for the amounts of $36,000, $26,000, and $41,900 were received on August 27, 2014, September 26, 2014, and October 19, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on October 26, 2014 to settle all three invoices. Round to the nearest cent Ivy purchases phones for $280.50 each and is selling them for $310.00 each. a. What is the rate of markup on cost? % Round to two decimal places b. What is the rate of markup on selling price? % Round to two decimal placesOn January 1, 2022, De Vera Company loaned Dagpin Company amounting to P2,000,000 and received a two-year, 6%, P2,000,000 note. The note calls for annual interest to be paid each December 31. De Vera collected the 2022 interest on schedule. However, on December 31, 2023, based on the Dagpin’s recent financial difficulties, De Vera expects that the 2023 interest, which was recorded in the books, will not be collected and that only P1,200,000 of the principal will be recovered. The P1,200,000 principal amount is expected to be collected in two equal installments on December 31, 2025 and December 31, 2027. The prevailing interest rate for similar type of note as of December 31, 2023 is 8%. 36. What is the loan impairment loss to be recognized for the year 2023? 37. How much is the interest income for the year 2025? 38. The carrying amount of the loan as of…