Details of purchase invoices including shipping terms, credit terms, and returns appear below. Compute the total amount to be paid in full settlement of each invoice, assuming that credit for returns is granted before the expiration of the discount period and payment is made within the discount period.   Invoice Freight and Credit Terms Transportation Charges Returns and Allowances a)  $2,000 FOB destination,  3/10 n/45 $55 $200 b)  $5,500 FOB shipping point,  2/10 n/30 $100 $50 c)  $6,700 FOB shipping point,  2/10 n/45 $200 $350 d)  $9,300 FOB destination,  2/10 n/60 $150 $550

Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.   Merchandise Freight Paid by Seller     Returns and Allowances a. $17,000   -     FOB destination, n/30 $900   b. 10,300   $400     FOB shipping point, 1/10, n/30 1,200   c. 6,300   -     FOB shipping point, 1/10, n/30 600   d. 2,500   100     FOB shipping point, 2/10, n/30 400   e. 1,700   -     FOB destination, 2/10, n/30 -   a.  $ b.  $ c.  $ d.  $ e.  $

Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period:     Merchandise Freight Paid by Seller     Customer Returnsand Allowances a. $17,200   -     FOB destination, n/30 $900   b. 11,400   $500     FOB shipping point, 2/10, n/30 1,400   c. 8,100   -     FOB shipping point, 1/10, n/30 700   d. 3,700   100     FOB shipping point, 1/10, n/30 500   e. 2,500   -     FOB destination, 1/10, n/30 -     a.  $ b.  $ c.  $ d.  $ e.  $

Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period. Merchandise Payment (gross) Terms 2/10, n/60 a. b. 1/15, EOM C. 1/10, n/30 d. 3/15, n/45 $ 6,800 22,700 78,600 14,500

The amount of discount to be recorded if the invoice is paid within the discount period on a purchase of goods having a list price of $1,600, subject to a trade discount of 25 percent with terms 2/10, n/30, is a.$24. b.$30. c.$29.40. d.$21. e.$450.

An invoice received included the following information: merchandise price, $3,200; terms 1/10, n/eom; FOB shipping point with prepaid freight of $598. Assuming that a credit for merchandise returned of $600 is granted prior to payment and that the invoice is paid within the discount period, what amount of cash should be paid by the buyer? a. $600 b. $3,760 c. $3,200 d. $3,172

reight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.   Merchandise FreightPaid by Seller Freight Terms Returns andAllowances a. $90,000   $1,000     FOB shipping point, 1/10, n/30 $15,000   b. 110,000   1,575     FOB destination, 2/10, n/30 8,500

Complete the following by calculating the cash discount and net amount paid: (If more than one discount, assume date of last discount.) Date of Gross amount of invoice (freight charge already included) Freight charge Terms of invoice Date of payment invoice None 8/14 4/10, 3/15, n/30 8/26 700 Cash discount Net amount paid

What amount will be paid in full settlement of Invoice 22384, assuming that credit for returns and allowances was received prior to payment and that the invoice was paid within the discount period. Inv. No. Merchandise Freight Paid by Seller Freight Terms Returns and Allowances 22384 $4,500 $140 FOB Shipping Point,2/10, net 30 $1,200

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