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Author Question: On April 26, Kindler Welding Corp purchased 8,640 worth of welding supplies from a wholesaler that ... (Read 73 times)

lb_gilbert

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on: Jun 24, 2018
On April 26, Kindler Welding Corp purchased 8,640 worth of welding supplies from a wholesaler that offered terms of 1.75/7, net 30 . The discount applies to any amount paid within the discount period. What is the unpaid balance if Kindler paid 6,00 . on May 1? (This problem involves the partial payment of an invoice within the discount period.)

Question 2

Warm Winters Linen, Inc had net sales of 350,00 . and net income of 30,000 . Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer accurate to two decimal places.)


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choc0chan

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Reply #1 on: Jun 24, 2018
Answer to Question 1

100 . - 1.75 = 98.25
6,00 . 0.9825 = 6,106.87
8,640 - 6,106.87 = 2,533.13 unpaid balance

Answer to Question 2

8.57


lb_gilbert

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

scikid

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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