BM427 Cash Discounts (#2)

Last updated almost 5 years ago
24 questions
1

Invoice Date = July 14 Billing Terms = 5/10, n/30

If the invoice is paid by _________ = 5% discount

1

Invoice Date = July 14 Billing Terms = 5/10, n/30

If the invoice is paid by _________ = pay full amount

1

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)

1

Invoice Date = September 29 Billing Terms = 4/15, n/45

If the invoice is paid by __________ = 4% discount

1

Invoice Date = September 29 Billing Terms = 4/15, n/45

If the invoice is paid by __________ = pay full amount

1

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)

1

Invoice Date = December 3 Billing Terms = 4/10, 2/15, n/30

If the invoice is paid by _________ = 4% discount

1

Invoice Date = December 3 Billing Terms = 4/10, 2/15, n/30

If the invoice is paid by _________ = 2% discount

1

Invoice Date = December 3 Billing Terms = 4/10, 2/15, n/30

If the invoice is paid by _________ = pay the full amount

1

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)

1

Invoice Date = May 30 Billing Terms = 5/15, 3/30, n/60

If the invoice is paid by _________ = 5% discount

1

Invoice Date = May 30 Billing Terms = 5/15, 3/30, n/60

If the invoice is paid by _________ = 3% discount

1

Invoice Date = May 30 Billing Terms = 5/15, 3/30, n/60

If the invoice is paid by _________ = pay full amount

1

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)

1

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?

1

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.

1

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?

1

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.

1

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?

1

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.

1

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.

1

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?

1

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.

1

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.