
Step-by-step explanation:
the plus sign would have a line under it
Answer:
8 maybe
Step-by-step explanation:
You can just use the tn formula to solve this tn= t1 + (n-1)d
The actual amount that should be credited is $757.58.
<u>Solution:</u>
Given that,
2% Discount if paid in 10 days.
1% Discount if paid in 15 days, (but greater that 10 days)
Net due in 60 days.
That is,
will close the acount on days 1-10
will close the acount on days 11-15
And August 8 is Day 15 and falls under the 1% discount rule.
Therefore, we have to divide the partial payment by the complement of the discount rate.
from the balance, and
is due by day 60.
The answer to the question above is "a. This transaction will decrease Korey’s gross monthly profit by $625" based on Korey's financial situation above. Korey has purchased the $625 assortment of comic however he will not receive his new additional comics until last month. This transaction will increase his cost of good sold and decrease his gross profit.