Computing net invoice amounts LO P1Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.Merchandise(gross) Terms Paymenta. $7,800 2/10, n/60 b. 24.200 1/15, EOM c. 80,600 1/10, n/30 d. 17,000 3/15, n/45

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anthougo anthougo · Answer 1 · 2021-06-30T02:34:17+02:00

Answer:

Computation of Net Invoice Amounts to be Paid:

Merchandise(gross) Terms Payment Discounts Net Invoice $

a. $7,800 2/10, n/60 $156 ($7,800*2%) $7,644

b. 24.200 1/15, EOM 242 ($24,200*1%) 23,958

c. 80,600 1/10, n/30 806 ($80,600*1%) 79,794

d. 17,000 3/15, n/45 510 ($17,000*3%) 16,490

Explanation:

a) Data:

Merchandise(gross) Terms Payment

a. $7,800 2/10, n/60

b. 24.200 1/15, EOM

c. 80,600 1/10, n/30

d. 17,000 3/15, n/45

Calculations:

Merchandise(gross) Terms Payment Discounts Net Invoice $

a. $7,800 2/10, n/60 $156 ($7,800*2%) $7,644

b. 24.200 1/15, EOM 242 ($24,200*1%) 23,958

c. 80,600 1/10, n/30 806 ($80,600*1%) 79,794

d. 17,000 3/15, n/45 510 ($17,000*3%) 16,490

andromache andromache · Answer 2 · 2022-02-22T13:49:55+01:00

The amount that should be paid for each of the four separate invoices should be

a. $7,644

b. $23,958

c. $79,794

d. $16,490

Merchandise(gross) Terms Payment Discounts Net Invoice $

a. $7,800 2/10, n/60 $156 ($7,800*2%) $7,644

b. 24.200 1/15, EOM 242 ($24,200*1%) 23,958

c. 80,600 1/10, n/30 806 ($80,600*1%) 79,794

d. 17,000 3/15, n/45 510 ($17,000*3%) 16,490

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