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. If required, round the answers to the nearest dollar. Merchandise Freight Paid by Seller Freight Terms Credit for Refunds and Allowances a. $7,500 $100 FOB shipping point, 1/10, n/30 $1,800 b. 3,800 200 FOB destination, 2/10, n/30 1,200

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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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. If required, round the answers to the nearest dollar.

 
Merchandise
Freight
Paid by Seller

Freight Terms
Credit for
Refunds and
Allowances
a. $7,500   $100     FOB shipping point, 1/10, n/30 $1,800  
b. 3,800   200     FOB destination, 2/10, n/30 1,200  
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