An Invoice Amount for $4,090

question 33

Short Answer

An invoice amount for $4,090.72 has the terms 2/15, n/30. There are $135 in freight charges included in the invoice. $346.24 in merchandise is returned and the invoice is paid within the discount period. What is the net amount due?

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Definitions:

Environmental Scanning

The process of collecting information about external forces that can impact an organization's success, to assist in strategic planning.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, primarily driven by international trade and investment and aided by information technology.

Labour Market

The supply and demand for labor, where employers seek to hire workers and workers seek employment.

Environmental Scanning

The process of gathering, analyzing, and interpreting information about a company’s external environment to aid in decision-making.