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.Mateski Bros. Builders Co. tries to buy building materials wherever and whenever the best cash discount is given. One supplier gave them terms of 2.5/20, net 35, so Mateski Bros. bought materials which had a total invoice of $4,240. The invoice date was May 21 and included a $370 delivery charge. Mateski Bros. returned some materials that cost $1,072. Compute the missing information.

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.Mateski Bros. Builders Co. tries to buy building materials wherever and whenever the best cash discount is given. One supplier gave them terms of 2.5/20, net 35, so Mateski Bros. bought materials which had a total invoice of $4,240. The invoice date was May 21 and included a $370 delivery charge. Mateski Bros. returned some materials that cost $1,072. Compute the missing information.
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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.Mateski Bros. Builders Co. tries to buy building materials wherever and whenever the best cash discount is given. One supplier gave them terms of 2.5/20, net 35, so Mateski Bros. bought materials which had a total invoice of $4,240. The invoice date was May 21 and included a $370 delivery charge. Mateski Bros. returned some materials that cost $1,072. Compute the missing information.
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Compute the Discount Date, the Due Date, the Amount of Discount