8-3 SECTION EXERCISES SKILL BUILDERS 2. What is the net amount Ken will pay? See Example 3, Ken Bennett received an invoice dated March 9, with terms 2/10, n/30, amounting to $$40. He paid the bill on March 12. 1. How much was the cash discount? See Examples 1 and 2. Example 4. ah would Isabella pay 15 days after the invoice e

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Ken Bennett received an invoice dated March 9, with terms 2/10, n/30, amounting to $540. He paid the bill on March 12.
1. How much was the cash discount? See Examples 1 and 2.
282
8-3 SECTION EXERCISES
SKILL BUILDERS
5. How much would Isabella pay 25 days after the invoice
date?
Isabella Riddle gets an invoice for $450 with terms 4/10, 1/15, n/30. See Example 4.
3. How much would Isabella pay 7 days after the invoice date?
8. What amount is due if Alexa pays on or between April 22
and May 6?
Alexa May, director of accounts, received a bill for $648, dated April 6, with sales terms 2/10, 1/15, n/30. A 3% penalty is charged for pay
7. What amount is due if the bill is paid on or between April
ment after 30 days. See Example 4.
6. Find the amount due if the bill is paid on or before April 16,
10. If the net price of the invoice is $1,296.45, how much cash
discount can Chloe take?
L
2. What is the net amount Ken will pay? See Example 3.
See Examples 5 and 6.
12. Charlene Watson received a bill for $800 dated July 5, with
sales terms of 2/10 EOM. She paid the bill on August 8.
How much did Charlene pay?
4. How much would Isabella pay 15 days after the invoice date
14. Ruby Wossum received an invoice for $798.53 dated
February 27 with sales terms of 3/10 EOM. How much
should she pay if she pays the bill on April 15?
CHAPTER 8
18. Shar
$5,8
of 2
Chloe Duke is an accounts payable officer for her company and must calculate cash discounts before paying invoices. She is paying bills on
June 18 and has an invoice dated June 12 with terms 3/10, n/30. See Examples 1 through 3.
9. If Alexa pays on or after May 7, how much must she pay!
11. What is the net amount Chloe will need to pay?
An invoice for $900 is dated October 15 and has sales terms of 2/10 ROG. The merchandise arrives October 21. See Example 7.
16. How much is due if the bill is paid October 27?
17. How much is due if the bill is paid on November 3?
See Ex
20. C
fo
13. An invoice for a camcorder that cost $1,250 is dated
August 1, with sales terms of 2/10 EOM. If the bill is paid
on September 8, how much is due?
mer
15. Zack Willis received an invoice for a leaf blower for
$493 dated April 15 with sales terms of 3/10 EOM. How
much should he pay if he pays the bill on May 4?
a
t
22
Transcribed Image Text:Ken Bennett received an invoice dated March 9, with terms 2/10, n/30, amounting to $540. He paid the bill on March 12. 1. How much was the cash discount? See Examples 1 and 2. 282 8-3 SECTION EXERCISES SKILL BUILDERS 5. How much would Isabella pay 25 days after the invoice date? Isabella Riddle gets an invoice for $450 with terms 4/10, 1/15, n/30. See Example 4. 3. How much would Isabella pay 7 days after the invoice date? 8. What amount is due if Alexa pays on or between April 22 and May 6? Alexa May, director of accounts, received a bill for $648, dated April 6, with sales terms 2/10, 1/15, n/30. A 3% penalty is charged for pay 7. What amount is due if the bill is paid on or between April ment after 30 days. See Example 4. 6. Find the amount due if the bill is paid on or before April 16, 10. If the net price of the invoice is $1,296.45, how much cash discount can Chloe take? L 2. What is the net amount Ken will pay? See Example 3. See Examples 5 and 6. 12. Charlene Watson received a bill for $800 dated July 5, with sales terms of 2/10 EOM. She paid the bill on August 8. How much did Charlene pay? 4. How much would Isabella pay 15 days after the invoice date 14. Ruby Wossum received an invoice for $798.53 dated February 27 with sales terms of 3/10 EOM. How much should she pay if she pays the bill on April 15? CHAPTER 8 18. Shar $5,8 of 2 Chloe Duke is an accounts payable officer for her company and must calculate cash discounts before paying invoices. She is paying bills on June 18 and has an invoice dated June 12 with terms 3/10, n/30. See Examples 1 through 3. 9. If Alexa pays on or after May 7, how much must she pay! 11. What is the net amount Chloe will need to pay? An invoice for $900 is dated October 15 and has sales terms of 2/10 ROG. The merchandise arrives October 21. See Example 7. 16. How much is due if the bill is paid October 27? 17. How much is due if the bill is paid on November 3? See Ex 20. C fo 13. An invoice for a camcorder that cost $1,250 is dated August 1, with sales terms of 2/10 EOM. If the bill is paid on September 8, how much is due? mer 15. Zack Willis received an invoice for a leaf blower for $493 dated April 15 with sales terms of 3/10 EOM. How much should he pay if he pays the bill on May 4? a t 22
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