Chat with AI
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 72
Answer the following questions based on the Leisure Time Industries invoice on the following page.
The Empire Carpet Company orders merchandise for $17,700, including $550 in shipping charges, from Mohawk Carpet Mills on May 4. Carpets valued at $1,390 will be returned because they are damaged. The terms of sale are 2/10, n/30 ROG. The shipment arrives on May 26, and Empire wants to take advantage of the cash discount.
a. By what date must Empire pay the invoice?
b. As the bookkeeper for Empire, how much will you send to Mohawk?
The Empire Carpet Company orders merchandise for $17,700, including $550 in shipping charges, from Mohawk Carpet Mills on May 4. Carpets valued at $1,390 will be returned because they are damaged. The terms of sale are 2/10, n/30 ROG. The shipment arrives on May 26, and Empire wants to take advantage of the cash discount.
a. By what date must Empire pay the invoice?
b. As the bookkeeper for Empire, how much will you send to Mohawk?
Explanation
Verified
Verified
a.
Let us find the discount date to get ...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
