BM427 Cash Discounts Quiz Review
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Last updated over 4 years ago
13 questions
1
An invoice dated August 26th has the terms 3/10, n/30 with a 4% penalty for a late payment. The net price of the invoice is $5,300.
What is the last date to pay the invoice and receive the 3% discount?
An invoice dated August 26th has the terms 3/10, n/30 with a 4% penalty for a late payment. The net price of the invoice is $5,300.
What is the last date to pay the invoice and receive the 3% discount?
3
An invoice dated August 26th has the terms 3/10, n/30 with a 4% penalty for a late payment. The net price of the invoice is $5,300.
Calculate the net amount if the invoice is paid on the date that you answered in problem #1.
An invoice dated August 26th has the terms 3/10, n/30 with a 4% penalty for a late payment. The net price of the invoice is $5,300.
Calculate the net amount if the invoice is paid on the date that you answered in problem #1.
3
An invoice dated August 26th has the terms 3/10, n/30 with a 4% penalty for a late payment. The net price of the invoice is $5,300.
Calculate the net amount if the invoice is paid on September 29th.
An invoice dated August 26th has the terms 3/10, n/30 with a 4% penalty for a late payment. The net price of the invoice is $5,300.
Calculate the net amount if the invoice is paid on September 29th.
1
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
What is the last date to pay the invoice and receive the 4% discount?
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
What is the last date to pay the invoice and receive the 4% discount?
3
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
Calculate the net amount if the invoice is paid on the date that you answered in problem #4.
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
Calculate the net amount if the invoice is paid on the date that you answered in problem #4.
1
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
What is the last date to pay the invoice and receive the 2% discount?
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
What is the last date to pay the invoice and receive the 2% discount?
3
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
Calculate the net amount if the invoice is paid on the date that you answered in problem #6.
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
Calculate the net amount if the invoice is paid on the date that you answered in problem #6.
1
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
What is the last date to pay the invoice without any late payment fees?
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
What is the last date to pay the invoice without any late payment fees?
3
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
Calculate the net amount if the invoice is paid on July 5th.
An invoice dated May 14th has the terms 4/10, 2/20, n/45 with a 5% penalty for a late payment. The net price of the invoice is $145,000.
Calculate the net amount if the invoice is paid on July 5th.
1
An invoice dated January 6th has the terms 2/10, n/30 with a 6% penalty for a late payment. The net price of the invoice is $56,800.
What is the last date to pay the invoice and receive the 2% discount?
An invoice dated January 6th has the terms 2/10, n/30 with a 6% penalty for a late payment. The net price of the invoice is $56,800.
What is the last date to pay the invoice and receive the 2% discount?
3
An invoice dated January 6th has the terms 2/10, n/30 with a 6% penalty for a late payment. The net price of the invoice is $56,800.
Calculate the net amount if the invoice is paid on the date that you answered in problem #10.
An invoice dated January 6th has the terms 2/10, n/30 with a 6% penalty for a late payment. The net price of the invoice is $56,800.
Calculate the net amount if the invoice is paid on the date that you answered in problem #10.
1
An invoice dated January 6th has the terms 2/10, n/30 with a 6% penalty for a late payment. The net price of the invoice is $56,800.
Calculate the net amount if the invoice is paid on January 28th.
An invoice dated January 6th has the terms 2/10, n/30 with a 6% penalty for a late payment. The net price of the invoice is $56,800.
Calculate the net amount if the invoice is paid on January 28th.
3
An invoice dated January 6th has the terms 2/10, n/30 with a 6% penalty for a late payment. The net price of the invoice is $56,800.
Calculate the net amount if the invoice is paid on February 9th.
An invoice dated January 6th has the terms 2/10, n/30 with a 6% penalty for a late payment. The net price of the invoice is $56,800.
Calculate the net amount if the invoice is paid on February 9th.