Find the Discount Date, the Due Date, and the Complement

question 29

Short Answer

Find the discount date, the due date, and the complement rate. Use the complement method to find the remittance if the required remittance is paid within the discount period.Connie Chu bought some new office equipment from a dealer who offered a cash discount of 1.5/30, net 45. The invoice was dated July 20, totaled $2,652.40 and included $86 for freight.
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Definitions:

Relay Division

This term does not specify a widely recognized concept or key term in a general context and may refer to a specific internal department or team within an organization focused on relaying or transferring goods, services, or information.

Variable Expenses

Costs that change in proportion to the activity of a business, such as sales volume or production levels.

Transfer Price

The price at which goods or services are transferred between departments or divisions within the same company, often used for accounting and tax purposes.

Industrial Products Division

A subsection of a company focused on the production and sale of goods used in industrial and commercial applications.