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

question 36

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.Ray Marshall is a purchasing agent for East Coast Electric and tries to take advantage of all cash discounts on major purchases. On July 7 (invoice date) he purchased parts for service vehicles. The parts cost $3,824.77, but $214.40 worth were returned because they were incorrect. The terms from the supplier were 1/10, net 25.
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Poor Reliability

The lack of consistency in the outcomes of a measure or test over time.

Poor Validity

Refers to the degree to which an assessment or measurement tool fails to accurately reflect the concept it is intended to measure.

Flynn Effect

The observation that IQ scores have historically increased from one generation to another, worldwide.

Theory of Intelligence

Conceptual frameworks designed to understand the various aspects and abilities attributed to intelligence.