A Certain Canadian Company Received an Invoice Dated March 20

question 9

Essay

A certain Canadian company received an invoice dated March 20 from their Cambodian supplier for the following shipment of goods that they received on April 1.
2000 jeans at $25.60 each;
3050 shirts at $15.25 each;
1000 men hats at $2.50 each;
1500 women hats at $3.00 each.
The terms of the invoice stated 4/20, n/45 ROG and all items are subject to trade discounts of 15%, 5%.
a)What is the last day of the discount period?
b)What is the amount due if the invoice is paid in full on April 19?
c)If only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $25 000.00?

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Definitions:

Technologically Adept

Highly skilled or proficient in the use of technology.

Decreased Sexual Interest

A reduction in the desire or motivation for sexual activity.

Hormone Activity

The biochemical functions and roles of hormones in regulating various body processes, including growth, metabolism, and reproduction.

Elderly Men

Adult males considered to be in the later stages of their life, often defined as being 65 years or older.