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

Junior

Business

3 March, 16:23

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

+3

Answers (1)

Know the Answer?

Kiersten Cooke · 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