Export Ltd

question 42

Essay

Export Ltd. received an invoice dated August 21 from Dutch Specialties of Amsterdam with terms 5/20, n/45 for:
All items are subject to trade discounts of 33.5%, 7.125%, 4%.
a) What is the last day of the discount period?
b) What is the amount due if the invoice is paid in full on September 6?
c) If only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $1500.00?

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Definitions:

Communications

The process of transmitting information, ideas, emotions, skills, and knowledge from one entity or person to another through the use of mutually understood signs, symbols, and semiotic conventions.

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Integrated sets of components for collecting, storing, processing, and communicating information, supporting decision-making, coordination, control, analysis, and visualization in an organization.

Levels of Analysis

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Organizational Events

Occurrences within an organization that have the potential to affect its operations, culture, or stakeholders, ranging from internal meetings to external changes in the business environment.