Sepaba Ltd

question 50

Essay

Sepaba Ltd. received an invoice dated November 20 from Wallis Specialties of Germany with terms 5/20, n/45 for:
10 vases at $35.00 each;
20 figurines at $50.50 each;
40 glass flutes at $80.50 each.
All items are subject to trade discounts of 30%, 10%, 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 December 8?
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 $1500.00?

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Definitions:

Cultural Adaptation

A complex of ideas, activities, and technologies that enable people to survive and even thrive in their environment.

Anthropological Definition

A conceptual framework within anthropology that outlines the study of human societies, cultures, and their development.

Marriage

A legally or culturally recognized union between individuals that establishes rights and obligations between them, as well as with their children and in-laws.

Divorce Rates

The statistical measure that indicates the number of divorces occurring during a year per 1,000 population in a given society.