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An invoice in the amount of $916 is subject to a trade discount of 10% and credit terms on 3/10, n/30. If the invoice is not paid within the discount period, the amount that would be paid to satisfy
the invoice would be (Points : 3)
$824.40 would be the amount to satisfy the invoice. $916 - 10% = $916-91.60 = 824.40
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Original conversation
User: The terms on an invoice are 4/15, n/30. This means that

User: Merchandise inventory at the beginning of the period minus purchases plus merchandise inventory at the end of the period equals cost of goods sold for the period. (Points : 3) True False

User: An invoice of $237.50 dated April 2 is subject to credit terms of 2/10, n/30. If the invoice is paid on April 14, the amount to be paid would be (Points : 3)

User: An invoice in the amount of $916 is subject to a trade discount of 10% and credit terms on 3/10, n/30. If the invoice is not paid within the discount period, the amount that would be paid to satisfy the invoice would be (Points : 3)

Weegy: $824.40 would be the amount to satisfy the invoice. $916 - 10% = $916-91.60 = 824.40
Expert answered|dv8|Points 113|

User: Which of the following credit terms allows a discount of 2% if payment is made within 10 days with the total amount of the invoice due within 60 days? (Points : 3)

Weegy: You said which of the following but didn't provide the answer choices.
Expert answered|dv8|Points 113|

User: Which of the following credit terms allows a discount of 2% if payment is made within 10 days with the total amount of the invoice due within 60 days? (Points : 3) 2/10, n/30 2/10, EOM/60 10/2, n/60 2/10, n/60

Weegy: 2/10, n/60 allows a discount of 2% if payment is made within 10 days with the total amount of the invoice due within 60 days.
Expert answered|dv8|Points 113|

User: A record used to keep the amount owed to each supplier is called a(n) (Points : 3) accounts receivable ledger. accounts payable ledger. transportation ledger. general ledger for accounts payable

Weegy: A record used to keep the amount owed to each supplier is called a(n) (Points : 3) accounts payable ledger.
Expert answered|dv8|Points 113|

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Asked 7/6/2013 2:28:22 PM
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