The gross amount of an invoice with freight charge included


The gross amount of an invoice with freight charge included is $500. The freight charge is $100. The invoice is dated November 29 with terms of 1/10 EOM. Payment is made on January 4. Find: (a) the cash discount, and (b) the net amount paid.

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Financial Management: The gross amount of an invoice with freight charge included
Reference No:- TGS01163330

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