Compute the Discount Date, the Due Date, the Amount of Discount

question 31

Short Answer

Compute the discount date, the due date, the amount of discount and amount of the remittance if the required remittance is paid within the discount period.Krohn Corp. normally gives a cash discount of 2.5/5, net 20. There is no discount on freight charges. Krohn Corp. sells some new products for which the total invoice is $142.50. The invoice is dated September 7 and includes $16.13 for freight.
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Definitions:

Colonization Law

Colonization Law consists of regulations and statutes established by colonial powers to govern the settlement and administration of colonies, often including land distribution and treatment of indigenous peoples.

1824

The year notable for events such as the U.S. presidential election, which was decided by the House of Representatives under the "corrupt bargain" allegations.

Manifest Destiny

A 19th-century doctrine or belief that the expansion of the US throughout the American continents was both justified and inevitable.

Territorial Expansion

The process or action by which a country increases its land area through acquisition or annexation.