Ask Experts Questions for FREE Help !
Ask
    kittykat70's Avatar
    kittykat70 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jun 20, 2012, 07:43 PM
    Apple co sells merchandise on credit to zea co in the amount of 8,000. The invoice is
    Apple co sells merchandise on credit to zea co in the amount of 8,000. The invoice is dated on sept. 15 with terms of 1/15, net45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount
    160 sept30
    160sep25
    80sep25
    80sep30
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Jun 21, 2012, 02:03 PM
    Your discount is 1% if paid within 15 days of the invoice date.

Not your question? Ask your question View similar questions

 

Add your answer here.


Check out some similar questions!

Sold merchandise to jose cruz on account, P3,000. Terms;3/10, n/30. Journalization? [ 2 Answers ]

Journalization Sold merchandise to jose cruz on account, P3,000. Terms:3/10, n/30.

Tobert Company, which sells electric razors, had $300,000 of cost of goods sold durin [ 1 Answers ]

Tobert Company, which sells electric razors, had $300,000 of cost of goods sold during the month of June. The company projects a 5 percent increase in cost of goods sold during July. The inventory balance as of June 30 is $28,000, and the desired ending inventory balance for July is $29,000. Tobert...

What would be the amount of check issued for 08/11 invoice for $648.50 paid on 09/13 [ 1 Answers ]

What would be the amount of check issued for 08/11 invoice for $648.50 paid on 09/13 with the terms (3/10, 2/15, n30-5% apr)?

Owe $75,000 on credit cards, have $90,000 in 401k, laid off, what should I do [ 5 Answers ]

Owe $75,000 on credit cards, laid off and r/c a servance package of $33,118. Yearly salary was $70,000 and Husband has $24,000 military retirement, $41,000 income, and $14,028 VA benefits. I was consider paying off the bills. If we were to do this we can live off my husband pay. In addition to...

I have 50,000 in unsecured cc debt for merchandise for a store now closed [ 2 Answers ]

I have no assets. I own nothing and live on my ss income. I am married, but there are no joint assets. I am 71 years old, not healty and can not work.


View more questions Search