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Author Question: Seven years ago, Elise Damato started a business specializing in dog walking and dog grooming. After ... (Read 115 times)

Jramos095

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on: Jun 24, 2018
Seven years ago, Elise Damato started a business specializing in dog walking and dog grooming. After the first year, her pet food supplier started giving Elise a cash discount of 2.25 on any amount paid within 15 days of the invoice date. On October 25, Elise bought pet food costing 1,064 . On November 8, Elise paid 800 on the purchase. Compute the unpaid balance. (This problem involves the partial payment of an invoice within the discount period.)

Question 2

Warm Winters Linen, Inc had accounts receivable of 150,00 . and net sales of 350,000 . Compute the ratio of accounts receivable to net sales. (Round answer to two decimal places.)


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mcinincha279

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

100 . - 2.25 = 97.75
800 0.9775 = 818.41
1,064 - 818.41 = 245.59 unpaid balance

Answer to Question 2

0.43:1


Jramos095

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Reply #2 on: Jun 24, 2018
Correct answers!


mcinincha279

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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