Details of a purchase invoice and related credit memo are summarized as follows: 
Assume that the credit memo was received prior to payment and that the invoice is paid within the discount period. Determine the following:
(a)Amount of the cash discount allowed.
(b)Amount to be paid by the purchaser if the discount is taken.
(c)Cost of the merchandise to the purchaser if the discount is not taken.
Definitions:
Cheerfulness
A state of being noticeably happy and optimistic.
Contentment
A state of happiness and satisfaction.
Establish Rapport
The process of building a friendly and harmonious relationship based on understanding and trust.
Modifying Feelings
The process of altering or adjusting one's emotions toward a more desired state.
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