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

question 15

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.Lakewood Resorts buys canned food on terms of 1/5, net 45. An invoice for canned food dated July 3 was for $374. The total included a $24 delivery charge. On July 5, Lakeside Resorts returned cans worth $74.20 because they were damaged.
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Definitions:

Unconscious Factors

Unconscious factors are elements underlying human behavior and thought processes that are not readily available to conscious awareness.

Case Study Method

A research strategy that involves the intensive examination of an individual or group to explore the causes of underlying principles or phenomena.

Behaviorism

The school of psychology that views observable, measurable behavior as the appropriate subject matter for psychology and emphasizes the key role of environment as a determinant of behavior.

John B. Watson

An American psychologist who established the psychological theory of behaviorism, emphasizing the study of observable behavior.