Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. determine the amount to be paid in full settlement

Determine the amount to be paid in full settlement of each of two invoices, (a)...

70.2K

Verified Solution

Question

Accounting

Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.

Merchandise Freight Paid by Seller Freight Terms Returns and Allowances
a. $36,000 $800 FOB destination, 1/10, n/30 $4,000
b. 44,900 375 FOB shipping point, 2/10, n/30 2,400

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain the advantages and disadvantages of “civilianization”?

Psychology
Q

A CCGT uses natural gas of net calorific value 50.05 MJ/kg as the fuel is utilised...

Mechanical Engineering
Q

Categorize the causes of the events at Knight Capital on August 1, 2012, into policy, governance,...

General Management
Q

Suppose that $12,000 is invested in a bond fund and the account grows to $14,146.32...

Basic Math
Q

Label this graph for a distribution of women s weights standard deviation of 12 lb...

Statistics
Q

Consider the following contingency table 1 2 cycle cycles Smokers 29 16 Non smokers 3...

Statistics
Q

Howard company could buy a machine that cost $50,000. It is estimated that it will...

Accounting
Q

After several years of profitable operations, Javell, the sole shareholder of JBD Inc., a C...

Accounting
Q

Harding Corporation reporta la siguiente informacin: Utilidad neta $450,000 Gasto de depreciacin 140,000 Incremento en...

Accounting
Q

Y Co shipped consignment inventory of $205,000 to Larry Company on December 1, 2024. Larry...

Accounting
Q

Discuss the development and challenges of assurance practices. Discuss the role of assurance in...

Accounting
Q

Allstar Company signed a $250,000 mortgage on July 1, 2018 for the purchase of their...

Accounting