Use the information below to determine the amount saved if each invoice is paid in time to take advantage of the trade credit discount

Invoice amount trade credit terms amount saved

$1,300 2/10, n/30

$10,000 3/15, n/90

$22,460 2/10, n20

$645 1/15, n/30

Total

Question

Business

Reagan Chan

19 May, 08:55

Use the information below to determine the amount saved if each invoice is paid in time to take advantage of the trade credit discount

Invoice amount trade credit terms amount saved

$1,300 2/10, n/30

$10,000 3/15, n/90

$22,460 2/10, n20

$645 1/15, n/30

Total

+2

Answers (1)

Know the Answer?

Johnathon Callahan · Answer 1

1274+9700+22010.80+638.55=33,623.35 Total

Explanation:

1300*.02=26

1300-26=$1274

10000*.03=300

10000-300=9700

22460*.02=449.20

22460-449.20=22010.80

645*.01=6.45

645-6.45=638.55

Use the information below to determine the amount saved if each invoice is paid in time to take advantage of the trade credit discountInvoice amount trade credit terms amount saved$1,300 2/10, n/30$10,000 3/15, n/90$22,460 2/10, n20$645 1/15, n/30Total

Use the information below to determine the amount saved if each invoice is paid in time to take advantage of the trade credit discount

Invoice amount trade credit terms amount saved

$1,300 2/10, n/30

$10,000 3/15, n/90

$22,460 2/10, n20

$645 1/15, n/30

Total