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Author Question: Susan Waterford bought merchandise for 1,880.14 on March 3 . There was a 3 cash discount on anything ... (Read 68 times)

Starlight

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on: Jun 24, 2018
Susan Waterford bought merchandise for 1,880.14 on March 3 . There was a 3 cash discount on anything paid within 5 days. Susan sent in a check for 1,200 on March 5 . Compute the amount that should credited to Susan's account. (This problem involves the partial payment of an invoice within the discount period.)

Question 2

Warm Winters Linen, Inc had ending inventory this year of 250,000 . ending inventory last year of 200,000 . and cost of goods sold of 240,000 . Compute the average inventory.


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jaymee143

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

100 . - 3 = 97
1,200 0.97 = 1,237.11 credited

Answer to Question 2

225,000


Starlight

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

cassie_ragen

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Reply 3 on: Yesterday
Wow, this really help

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