Answered

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Maplewood Supply received a $5,270 invoice dated 4/15/10. The $5,270 included $270 freight. Terms were 3/10, 2/30, n/60.
a. If Maplewood pays the invoice on April 27, what will it pay?
b. If Maplewood pays the invoice on May 21, what will it pay?

Sagot :

Answer:

The invoice gets paid after 12 days, so mapplewood will get a 3% discount (3/30, 3% off if paid within 30 days). I assume that Freight doesn't get a discount,  so I subtract it from the invoice value:

$5250-$250 (freight)=$5000

Discounted invoice becomes:

$5000-3%*5000(discount)=$4850

Add the freight back to the new invoice:

$4850+$250=$5,100 if paid on April 27

B) the invoice gets paid after 36 days, so the invoice gets paid in full ( n/60; in other words, invoice paid in full if paid within 60 days, therefore $5,250)

Step-by-step explanation:

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