Ask Question
29 July, 14:17

Quick depot buys tools from a supplier with an invoice amount of $19,700. the terms of the sale are 15/15, n/30. what is the net amount due on the order if the bill is paid by the 15th day

+5
Answers (1)
  1. 29 July, 15:07
    0
    the terms of the sale are 15/15, n/30 indicates that the sales will include a 15% discount if the payment is finished within 15 days.

    So, The net value of the payment in the 15th day would be:

    $ 19,700 - (15% x $ 19,700)

    = $ 19,700 - $ 2955

    = $ 16,745
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Quick depot buys tools from a supplier with an invoice amount of $19,700. the terms of the sale are 15/15, n/30. what is the net amount due ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers