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Laabri

BM427 Cash Discounts Quiz

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Last updated over 5 years ago
13 Nsɛmmisa

Solve each problem. Show all your work in the space provided.

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Asemmisa {{asɛmmisaAhyɛnsode}}
1.

An invoice dated July 26th has the terms 2/15, n/30, with a 4% penalty for a late payment. The net price of the invoice is $35,000. What is the last day to receive the discount?

Asemmisa {{asɛmmisaAhyɛnsode}}
2.

An invoice dated July 26th has the terms 2/15, n/30, with a 4% penalty for a late payment. The net price of the invoice is $35,000. Calculate the net amount if the invoice is paid on date you found in question #1?

Asemmisa {{asɛmmisaAhyɛnsode}}
3.

An invoice dated July 26th has the terms 2/15, n/30, with a 4% penalty for a late payment. The net price of the invoice is $35,000. Calculate the net amount if the invoice is paid on August 30th?

Asemmisa {{asɛmmisaAhyɛnsode}}
4.

An invoice dated January 14th has the terms 3/10, 1/15, n/45, with a 4% penalty for a late payment. The price of the invoice is $210,000. What is the last day to receive the 3% discount?

Asemmisa {{asɛmmisaAhyɛnsode}}
5.

An invoice dated January 14th has the terms 3/10, 1/15, n/45, with a 4% penalty for a late payment. The price of the invoice is $210,000. Calculate the net amount if the invoice is paid on the date you found in question #4.

Asemmisa {{asɛmmisaAhyɛnsode}}
6.

An invoice dated January 14th has the terms 3/10, 1/15, n/45, with a 4% penalty for a late payment. The price of the invoice is $210,000. What is the last day to receive the 1% discount?

Asemmisa {{asɛmmisaAhyɛnsode}}
7.

An invoice dated January 14th has the terms 3/10, 1/15, n/45, with a 4% penalty for a late payment. The price of the invoice is $210,000. Calculate the net amount if the invoice is paid on the date you found in question #6.

Asemmisa {{asɛmmisaAhyɛnsode}}
8.

An invoice dated January 14th has the terms 3/10, 1/15, n/45, with a 4% penalty for a late payment. The price of the invoice is $210,000. What is the last day to pay the invoice without any late fees?

Asemmisa {{asɛmmisaAhyɛnsode}}
9.

An invoice dated January 14th has the terms 3/10, 1/15, n/45, with a 4% penalty for a late payment. The price of the invoice is $210,000. Calculate the net amount if the invoice is paid on March 10th.

Asemmisa {{asɛmmisaAhyɛnsode}}
10.

An invoice dated October 26th has the terms 4/10, n/30, with a 6% penalty for a late payment. The net price of the invoice is $78,900. What is the last day to receive the discount?

Asemmisa {{asɛmmisaAhyɛnsode}}
11.

An invoice dated October 26th has the terms 4/10, n/30, with a 6% penalty for a late payment. The net price of the invoice is $78,900. Calculate the net amount if the invoice is paid on the date you found in question #10.

Asemmisa {{asɛmmisaAhyɛnsode}}
12.

An invoice dated October 26th has the terms 4/10, n/30, with a 6% penalty for a late payment. The net price of the invoice is $78,900. Calculate the net amount if the invoice is paid on November 24th.

Asemmisa {{asɛmmisaAhyɛnsode}}
13.

An invoice dated October 26th has the terms 4/10, n/30, with a 6% penalty for a late payment. The net price of the invoice is $78,900. Calculate the net amount if the invoice is paid on December 9th.