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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

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Answers (1)
  1. 19 May, 09:57
    0
    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
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