Seven years ago, Elise Damato started a business specializing in ...

[Jramos095]

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.)

[mcinincha279]

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]

Correct answers!

[mcinincha279]

Great! Please up vote