Find the amount credited to the account

Reference no: EM132064805

Question: a) An invoice for a laptop computer that cost $625.68 is dated September 15, with sales terms of 3/10 EOM. If the bill is paid October 8, find the cash discount and net amount paid. Round to the nearest cent.

b) An invoice for $8630, dated October 5, was received by a company with the terms 5/15 EOM. A decision was made to make a partial payment of $400 on November 2. Find the amount credited to the account and find the outstanding balance.? Round to the nearest cent.

Reference no: EM132064805

Questions Cloud

Globalization is a political phenomenon : o Your perspective on whether globalization is a political phenomenon? o Do you agree that national borders no longer matter?

How would you change or shape the attitudes : Identify and describe the attitudes of at least four (two positives and two negatives) employees followers at your workplace.

Risk averse individuals will : Risk averse individuals will:

Why was it a fallacy to assign a aaa ratings : Why was it a fallacy to assign a ‘AAA' ratings to these securities backed by these mortgages?

Find the amount credited to the account : An invoice for $8630, dated October 5, was received by a company with the terms 5/15 EOM. A decision was made to make a partial payment of $400 on November 2.

American-style options and european-style options : What is the difference between American-style options and European-style options?

People management within an organisation context : This essay is like your blog. It is an essay addressing a issue related to people management within an organisation context.

How many packages will the dodger have to sell to break even : The Artful Dodger has decided to sell packages of firecrackers at an upcoming parade. The packages will cost the Dodger 50 cents each.

Compare and contrast three data encryption standards : 1. Compare and contrast three data encryption standards for WiMAX networks?

User Account

All Pages