Donna Pierce manages a business that distributes imported woolen ...

[joblessjake]

Donna Pierce manages a business that distributes imported woolen fabrics. Donna's business offers a 2.5 cash discount on any amount paid within 10 days of the invoice date. On January 28, a client purchased fabrics priced at 14,500 . and on February 1 the client sent in a 10,00 . check. Compute the unpaid balance. (This problem involves the partial payment of an invoice within the discount period.)

Question 2

SXF, Inc had net sales of 450,00 . and net income of 35,000 . Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer to two decimal places.)

[ngr69]

Answer to Question 1

100 . - 2.5 = 97.5
10,00 . 0.975 = 10,256.41
14,500 - 10,256.41 = 4,243.59 unpaid balance

Answer to Question 2

7.78