aker's Financial Planners purchased nine new computers for $910 each. It received a 20% discount because it purchased more than ur and an additional 5% discount because it took immediate delivery. Terms of payment were 5/10, n/30. Baker's pays the bill within e cash discount period. How much should the check be? (Do not round intermediate calculations. Round your final answer to the earest cent.) nount $5835.38
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solution
concept
credit term 5/10 n/30 means that if the payment is made within 10 days from the invoice date ,discount of 5% is given otherwise the normal credit period is 30 days
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- 1. You want to open a checking account with a $500 deposit. You estimate you will write 10 checks a month and use an ATM from other banks about twice a week. Bank A charges $1 per check if you drop under a minimum balance of $100, but you can use another bank's ATM without a fee. Bank B has free checking but charges $1 each time you use another bank's ATM. Calculate the difference in fees between the two banks over the course of one year for the following scenarios: a. Your balance slips below $100 every other month. b. Your balance slips below $100 every other month, but you are now able to pay a bill online each month, dropping the number of checks you have to write to nine monthly. You also find you are only using the other bank's ATM about once a week. c. You maintain a minimum balance of $500, write three checks a week, and use another bank's ATM only about once a month.PLEASE TYPE IT AND NOT HANDWRITTEN You purchased an appliance in a certain appliance center worth P35,000 using your credit card. The credit card company charges a monthly interest rate of 4% and a minimum payment of 5%. Assuming you only pay the minimum amount at the end of the month, what is the remaining balance after 6 payments?American Signs allows customers to pay with their Jones credit card and cash. Jones charges American Signs a 3.5% service fee for each credit sale using its card. Credit sales for the month of June total $328,430, where 40% of those sales were made using the Jones credit card. Based on this information, what will be the total in Credit Card Expense at the end of June?
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