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BM427 Cash Discounts (#2)
By Mark Van Buren
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Last updated almost 5 years ago
24 questions
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Question 1
1.
Invoice Date = July 14 Billing Terms = 5/10, n/30
If the invoice is paid by _________ = 5% discount
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Question 2
2.
Invoice Date = July 14 Billing Terms = 5/10, n/30
If the invoice is paid by _________ = pay full amount
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Question 3
3.
Invoice Date = July 14 Billing Terms = 5/10, n/30
If the invoice is paid on this date or later _________ then the payment is late (late fee)
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Question 4
4.
Invoice Date = September 29 Billing Terms = 4/15, n/45
If the invoice is paid by __________ = 4% discount
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Question 5
5.
Invoice Date = September 29 Billing Terms = 4/15, n/45
If the invoice is paid by __________ = pay full amount
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Question 6
6.
Invoice Date = September 29 Billing Terms = 4/15, n/45
If the invoice is paid on this date or later _________ then the payment is late (late fee)
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Question 7
7.
Invoice Date = December 3 Billing Terms = 4/10, 2/15, n/30
If the invoice is paid by _________ = 4% discount
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Question 8
8.
Invoice Date = December 3 Billing Terms = 4/10, 2/15, n/30
If the invoice is paid by _________ = 2% discount
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Question 9
9.
Invoice Date = December 3 Billing Terms = 4/10, 2/15, n/30
If the invoice is paid by _________ = pay the full amount
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Question 10
10.
Invoice Date = December 3 Billing Terms = 4/10, 2/15, n/30
If the invoice is paid on this date or later _________ then the payment is late (late fee)
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Question 11
11.
Invoice Date = May 30 Billing Terms = 5/15, 3/30, n/60
If the invoice is paid by _________ = 5% discount
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Question 12
12.
Invoice Date = May 30 Billing Terms = 5/15, 3/30, n/60
If the invoice is paid by _________ = 3% discount
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Question 13
13.
Invoice Date = May 30 Billing Terms = 5/15, 3/30, n/60
If the invoice is paid by _________ = pay full amount
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Question 14
14.
Invoice Date = May 30 Billing Terms = 5/15, 3/30, n/60
If the invoice is paid on this date or later _________ then the payment is late (late fee)
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Question 15
15.
Invoice Date = June 24 Billing Terms = 4/10, n/30 4% penalty for a late payment
The invoice is for an order of mattresses with a net price of $14,500.
What is the latest date that the invoice can be paid to receive a discount?
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Question 16
16.
Invoice Date = June 24 Billing Terms = 4/10, n/30 4% penalty for a late payment
The invoice is for an order of mattresses with a net price of $14,500.
Calculate the net amount for this invoice if the buyer receives the 4% discount.
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Question 17
17.
Invoice Date = June 24 Billing Terms = 4/10, n/30 4% penalty for a late payment
The invoice is for an order of mattresses with a net price of $14,500.
What is the latest date to pay this invoice without having to pay the late fee?
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Question 18
18.
Invoice Date = June 24 Billing Terms = 4/10, n/30 5% penalty for a late payment
The invoice is for an order of mattresses with a net price of $14,500.
Calculate the net amount if the invoice is paid on July 30.
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Question 19
19.
Invoice Date = September 15 Billing Terms = 3/15, 1/30, n/45 5% penalty for a late payment
The invoice is for an order of clothing with a net price of $5,425.
What is the latest date that the invoice can be paid to receive a discount?
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Question 20
20.
Invoice Date = September 15 Billing Terms = 3/15, 1/30, n/45 5% penalty for a late payment
The invoice is for an order of clothing with a net price of $5,425.
Calculate the net amount if the invoice is paid on September 28.
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Question 21
21.
Invoice Date = September 15 Billing Terms = 3/15, 1/30, n/45 5% penalty for a late payment
The invoice is for an order of clothing with a net price of $5,425.
Calculate the net amount if the invoice is paid on October 7.
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Question 22
22.
Invoice Date = September 15 Billing Terms = 3/15, 1/30, n/45 5% penalty for a late payment
The invoice is for an order of clothing with a net price of $5,425.
What is the latest date to pay this invoice without having to pay the late fee?
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Question 23
23.
Invoice Date = September 15 Billing Terms = 3/15, 1/30, n/45 5% penalty for a late payment
The invoice is for an order of clothing with a net price of $5,425.
Calculate the net amount if the invoice is paid on October 27.
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Question 24
24.
Invoice Date = September 15 Billing Terms = 3/15, 1/30, n/45 5% penalty for a late payment
The invoice is for an order of clothing with a net price of $5,425.
Calculate the net amount if the invoice is paid on November 7.
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