Compute the discount date, the due date, the amount of discount and amount of the remittance if the required remittance is paid within the discount period.Krohn Corp. normally gives a cash discount of 2.5/5, net 20. There is no discount on freight charges. Krohn Corp. sells some new products for which the total invoice is $142.50. The invoice is dated September 7 and includes $16.13 for freight.

Question

Compute the discount date, the due date, the amount of discount and amount of the remittance if the required remittance is paid within the discount period.Krohn Corp. normally gives a cash discount of 2.5/5, net 20. There is no discount on freight charges. Krohn Corp. sells some new products for which the total invoice is $142.50. The invoice is dated September 7 and includes $16.13 for freight.
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Quizplus · Accepted Answer

The Answer of Compute the discount date, the due date, the amount of discount and amount of the remittance if the required remittance is paid within the discount period.Krohn Corp. normally gives a cash discount of 2.5/5, net 20. There is no discount on freight charges. Krohn Corp. sells some new products for which the total invoice is $142.50. The invoice is dated September 7 and includes $16.13 for freight.
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Compute the Discount Date, the Due Date, the Amount of Discount