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A restaurant purchased 7500 of food inventory on credit

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1. A restaurant purchased $7500 of food inventory on credit with terms of 3/5, net 30. Calculate the cash discount and determine if the discount should or should not be taken and discuss your decision.

2. The sales revenue information for March and April, Year 2007 is listed in the table below. What is the vertical common-sized analysis (percentages) of each item based on the sales revenue. Please discuss any significant findings.

Item

March

April

Sales Revenue

$48,200

$50,400

Cash Sales

$14,460

$14,112

Credit Card Sales

$31,330

$34,272

Account Receivable Sales

$2,410

$2,016

Reference no: EM13582854

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