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Can anyone help me out with this answer?
Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
Expert Answer
solution:
| amount to be paid = Gross amount * (1-discount %) | ||
| a) | 5000*(1-0.02) | 4,900 |
| b) | 20000*(1-0.01) | 19,800 |
| c) | 75000*(1-0.01) | 74,250 |
| d) | 10000*(1-0.03) | 9,700 |
