Ask Question
6 December, 04:11

Quick depot buys tools from a supplier with an invoice amount of $19,700. the terms of the sale are 15/15, n/30. what is the net amount due on the order if the bill is paid by the 15th day

+3
Answers (1)
  1. 6 December, 05:56
    0
    the terms of the sale are 15/15, n/30 indicates that the sales will include a 15% discount if the payment is finished within 15 days.

    So, The net value of the payment in the 15th day would be:

    $ 19,700 - (15% x $ 19,700)

    = $ 19,700 - $ 2955

    = $ 16,745
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Quick depot buys tools from a supplier with an invoice amount of $19,700. the terms of the sale are 15/15, n/30. what is the net amount due ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers