A Director of Accounts Received an Invoice for $614

question 20

Multiple Choice

A director of accounts received an invoice for $614.52, dated November 12, with sales terms 4 / 13 ROG. The merchandise described on the invoice was received December 10. Find the cash discount and net amount paid if the invoice was paid January 10.

• A) Cash discount:$24.18; net amount: $603.52
• B) Cash discount: $79.89; net amount: $534.63
• C) Cash discount: $0; net amount: $614.52
• D) Cash discount: $24.58; net amount: $589.94

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