Author Question: Ronco's Hardware received an invoice for 10,429.38, dated September 17, with terms 3/10, 2/30, n/45. ... (Read 244 times)

vinney12 · **on:** Jun 24, 2018

Ronco's Hardware received an invoice for 10,429.38, dated September 17, with terms 3/10, 2/30, n/45. The hardware store pays the invoice on October 5. How much should be paid?
A) 10,116.50
B) 10,220.79
C) 10,328.18
D) 10,429.38

Question 2

An invoice amount is 2,169.50 and the terms are 3/10 EOM. A partial payment of 750 is made within the discount period. What is the balance due on the invoice after the partial payment?
A) 1,396.30
B) 1,419.50
C) 1,491.50
D) 1,496.30