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

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4Q: American Signs allows customers to pay with their Jones credit card and cash. Jones charges American...
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Baker's Financial Planners purchased nine new computers for $910 each. It received a 20% discount because it purchased more than
four and an additional 5% discount because it took immediate delivery. Terms of payment were 5/10, n/30. Baker's pays the bill within
the cash discount period. How much should the check be? (Do not round intermediate calculations. Round your final answer to the
nearest cent.)
Amount
$ 5835.38 8
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Transcribed Image Text:Hel Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Baker's Financial Planners purchased nine new computers for $910 each. It received a 20% discount because it purchased more than four and an additional 5% discount because it took immediate delivery. Terms of payment were 5/10, n/30. Baker's pays the bill within the cash discount period. How much should the check be? (Do not round intermediate calculations. Round your final answer to the nearest cent.) Amount $ 5835.38 8 < Prev Next > 10 of 10
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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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