Question 6 of 7 Brooke purchased furniture for $3,500.00 and received an invoice dated May 5, 2011 with terms 5/5 n/45. What was the amount of cash discount available for a payment made on May 10, 2011 to settle the invoice? Round to the nearest cent
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- Question 12 Krystal recieves an invoice from Home Hardware dated November 2nd, 2020 for $510 with terms 6/10, 2/17, n/30. If Krystal pays the invoice in full on November 22nd, 2020, a. How many days were there between the date of the invoice, and when the invoice was paid? b. How much is the amount of the discount? c. How much was paid? Number of days = Amount of Discount = $ Payment = $ > Next Question (rounded to the nearest cent) (rounded to the nearest cent)A. Cash Discount1. An invoice for Php 70 250 dated March 25, terms 5/10, 2/30, n/60, is paidin full on April 20. What is the total amount paid to settle the account?2. Ms. Garcia received an invoice dated April 18 amounting to Php 30 123for her orderedplants. The invoice comes with cash discount terms, 5/5, 2/15, n/30, R.O.G.The plants were received on April 25. If she paid on May 12, how much did she pay?Question 1 of 6 Scarlet Company received an invoice for $75,000.00 that had payment terms of 4/5 n/30. If it made a partial payment of $15,800.00 during the discount period, calculate the balance of the invoice. Round to the nearest cent
- An invoice for $128,700 dated August 26, 2014 for a shipment of furniture has payment terms 1.5/15, E.O.M. What payment will settle the invoice if it is paid on the following dates. a. September 6? Round to the nearest cent b. September 15? Round to the nearest cent c. September 22? Round to the nearest centQuestion 5 of 9 Natalie received an invoice for $6,000 that had payment terms of 4/15 n/45. She made a partial payment of $3,000 during the discount period. a. Calculate the amount credited. Round to the nearest cent b. Calculate the balance on the invoice after the partial payment was made. Round to the nearest centAn invoice for $120,700 dated May 26, 2014 for a shipment of furniture has payment terms 1.5/15, E.O.M. What payment will settle the invoice if it is paid on the following dates. a. June 8? Round to the nearest cent b. June 157 Round to the nearest cent c. June 23? Round to the nearest cent SAV 9°C hp
- Question 3 Coces, a furniture shop owner, buys a new set of cabinet worth $9,850. He receives an invoice dated 26 October 2019 with trade discounts of 8 percent, 4 percent and is offered cash discount terms 3/15, 2/30, n/60. (i) Calculate the single discount equivalent to the trade discounts given.QUESTION Amir's mini market was set up in January 2022. The following are the transactions for the month of April 2022. Date 2 4 a. 6 8 b. 16 20 9 Amir, the owner withdrew RM200 cash for his personal use. Purchased goods worth RM900 in cash from Daulat Trading. 10 12 The business paid off its debt to Bala Enterprise for full settlement by electronic funds transfer and received a 5% discount. 14 A credit memo of RM300 was issued to Confucius Cooperative for the return of spoilt goods. Amir invested RM15,000 in a fixed deposit by cheque. Sold goods worth RM3,500 for cash. Paid cash for utilities RM270. The business received full payment from Confucius Cooperative for the amount due after deducting a cash discount of RM30. The sum was deposited into the business's bank account. 22 24 Transaction The business purchased goods worth RM3,000 on credit from Bala Enterprise. Made a cash payment of RM150 for transport of goods purchased from Bala Enterprise. 25 26 Sold goods on credit to…An invoice for furniture for $1, 210.88 with terms of 2/10, n/60 is dated October 3. A. What is the last day on which cash discount may be taken? B. If paid within discount period, how much is the cash discount? C. If the discount is missed, on what day does the credit period end?
- 9. Which of the following is recorded upon receipt of a payment on April 7, 2021, by a customer who pays a $900 invoice dated March 3, 2021, with terms 2/10, n/60? A. Debit Sales Discounts $18. B. Credit Purchase Discounts $18. C. Credit Accounts Receivable $882. D. Debit Cash $900.Question 3 Coces, a furniture shop owner, buys a new set of cabinet worth $9,850. He receives an invoice dated 26 October 2019 with trade discounts of 8 percent, 4 percent and is offered cash discount terms 3/15, 2/30, n/60. (ii) Determine the total amount due if Coces pays the invoice on 17 November 2019.An involce for $10,000 dated September 10 with terms 3/10, 12/20, n/30, EOM is recelved in the mail on September 25. A payment of $4000 is sent on October 11. What is the outstanding balance? Multiple Choice $5940.00 $5939.09 $6000.00 $5920.00 $5918.37
