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

question 32

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.In an attempt to attract new business customers, an automotive supply store offered terms of 2/10, net 30. On June 15, a car manufacturer purchased materials costing $725.15, which included a $60 freight charge. On June 20, the manufacturer returned materials costing $124.50.
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Definitions:

Marginal Cost

The price associated with the creation of one more unit of a product or service.

Average Total Cost

The per-unit cost of production, calculated by dividing the total cost of production by the quantity of output produced.

Economic Profit

The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.

Short-run Marginal Cost Curve

A curve that shows the change in total cost associated with producing one more unit of output in the short term.