On August 5, John's furniture makes a purchase of $3200 for chairs from a wholesaler. The purchase arrives on September 2 with terms 2/10 ROG. Returns due to damages are $425, and shipping charges are...


On August 5, John's furniture makes a purchase of $3200 for chairs from a wholesaler. The purchase arrives on September 2 with terms 2/10 ROG. Returns due to damages are $425, and shipping<br>charges are $125 (not included in the purchase price). John's would like to take advantage of the discount with a partial payment of $1800. Answers the questions below.<br>a. What is the discount date?<br>b. How much credit will John's receive for the partial payment?<br>c. What is the remaining amount still due on the invoice?<br>d. By what date does the remaining balance have to be paid?<br>

Extracted text: On August 5, John's furniture makes a purchase of $3200 for chairs from a wholesaler. The purchase arrives on September 2 with terms 2/10 ROG. Returns due to damages are $425, and shipping charges are $125 (not included in the purchase price). John's would like to take advantage of the discount with a partial payment of $1800. Answers the questions below. a. What is the discount date? b. How much credit will John's receive for the partial payment? c. What is the remaining amount still due on the invoice? d. By what date does the remaining balance have to be paid?

Jun 10, 2022
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