Sepaba Ltd.received an invoice dated November 20 from Wallis Specialties of Germany with terms 5/20,n/45 for:
All items are subject to trade discounts of 30%,10%,5%.
a)What is the last day of the discount period?
b)What is the amount due if the invoice is paid in full on December 8?
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?
Definitions:
Wave-wound
A type of armature winding in electrical engineering where coils are connected in series to form a continuous and closed circuit, resembling a wave pattern.
Series Field
A type of field winding in a DC generator that is connected in series with the armature, influencing the generator's output.
Shunt Rheostat
A variable resistor connected in parallel with a circuit element to adjust the flow of current through it, allowing for the control of electrical device performance.
Series Rheostat
An adjustable resistor used in series with a circuit to control the current flow by varying its resistance.
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