Using the ordinary date method , calculate the discount date and the net date for the transaction. Date of invoice : May 11 Terms of sale : 3/20 , n45 What is the discount date(s) What is the net date

Q: Tirade Owens, a professional athlete, currently has a contract that will pay him a large amount in…

A: GIVEN :-  Tirade Owens, a professional athlete, currently has a contract that will pay him a large…

Q: Calculate the cash discount and the net amount due the transaction (in $). Amount of Invoice Terms…

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Q: Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the…

A: The terms , ,60 extras give the retailer 70 days (10+60) from February 11 to take the cash discount…

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A: Given: Amount of invoice                   = $5998.20 Cash discount Rate                  = 4%…

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Q: On June 15, Julio borrowed $1,070.00 from Sheridan Credit Union at 7.3% per annum calculated on the…

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A: Given Rate r = 10.3% Interest i = $2000 Maturity value = $47000

Q: Calculate the bank discount and proceeds (in $) for the simple discount note. Use the ordinary…

A: FIND EXPLAIN BELOW

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Q: Central Auto Parts borrowed $550,000 at 9% interest on July 12 for 120 days. (a) If the bank uses…

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Q: A 5-year investment hes a maturity velue of P27, 500.00. if the applied rate is 7.5% simple interest…

A: GIVEN I=27500 r=7.5%=.075 t=5 year P=??

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Q: Scarlet Company received an invoice for $62,000.00 that had payment terms of 3/5 n/30. If it made a…

A: Given Invoice amount = $62,000.00 Payment terms 3/5 n/30 Partial payment = $17,700.00

Q: A contract has been signed to leave a building at P200,000 per year with an annual increase of…

A: Solution:-

Q: What is the value of $2000 per year, at a discount rate 11% , if the first payment received 9 year…

A: Given query is to find the future value of the above agreement.

Q: Central Auto Parts borrowed $250,000 at 9% interest on July 8 for 120 days. (a) If the bank uses the…

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Q: An invoice is dated June 17 with terms 3/10-

A: Explanation and solutions is given below....

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Q: 2. Lea borrows PhP 100,000 at an annual effective interest rate of 4% and agrees to repay it with 30…

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Q: Calculate the cash discount and the net amount due the transaction (in $). Amount of Invoice Terms…

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Q: Calculate the cash discount and the net amount due in $. Amount of invoice $14,660 Terms of sale…

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A: Here a/b. Means if we paid in b days then we will get a% discount. Accordingly.  Add the day and…

Q: Calculate the cash discount and the net amount due the transaction (in $). (Round your answers to…

A: Amount of invoice = $9010.20 Terms of sale 4/10, n/30 means 4% discount is available for the first…

Q: Using the ordinary method, calculate the discount date and the net date for the transaction.  Date…

A: Given Date of Invoice: September 6 Terms of Sale: 2/10, n/45

Q: Using the ordinary dating method, calculate the discount date and the net date for the transaction.…

A: Given date of Invoice: September 3 Given terms of sale: 2/10,n/45 Here 2/10,n/45 implies that the…

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Q: A company issues 5, 00,000, 10% debentures at a discount of 5%. The cost of floatation is Rs.…

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Q: Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the…

A: The discount period starts on November 28, the date of receive. Then the discount date in terms of,…

Q: Gazzelle Corporation received an invoice dated March 28 with terms 4​/15​, ​n/30. The amount stated…

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Q: Mr. Dela Cruz issued a Promissory note on May 8, 2015 to BPI amounting to Php 100,000 with interest…

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Q: 1. Radin brought a car that cost RM120,000. The useful life of the car is eight years. If the…

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Q: Using the ordinary dating method, calculate the discount date and the net date for the transaction.…

A: