This is a baking assignment here s what to do please use own words you cannot use pound cake coffee cake

sale are 5/10, n/30. If the retailer sends a partial payment $8,700 on the discount date. a. How much credit is taken off the bill due to the partial payment? b. What is the net amount still due? 5. Jen’s Pottery Shop orders china from a supplier for $240 including $30 freight charges. The terms of sale are 3/10, n/30 ROG. The china arrives on 11/21 and Jen wants to take advantage of the cash discount. a. As bookkeeper for Jen’s, how much will you send the supplier? 6. A small business receives an invoice for merchandise on August 5. The terms of sale are 2/20, n/30. If the manager elects to take the cash discount, what is the discount date? 7. Price Company received an invoice in the amount of $3,800 dated May 24 for merchandise they purchased. The terms of sale are 3/15, 2/30, n/45. The Company plans to pay the invoice on June 20th? a. What is the percentage the company will save by sending it on this date? 8. Luggage World buys briefcases with an invoice date of April 28. The terms of sale are 2/10 EOM. What is the discount date? 9. Chuck’s Chops, an upscale steak house, received an invoice for 800 pounds of baking potatoes with a cost of $.85 per pound. The terms are 2 ½ /10, n/30. Chuck was unable to pay the bill in full within the discount period but was able to remit a partial payment of $575.00 within the discount period. How much credit did Chuck receive for his partial payment? 10. A toy store buys stuffed animals with a list price of $17,000. If the wholesaler offers trade discounts of 32/27/15, a. Find the trade discount amount of the stuffed animals? 11. The invoice on an invoice was February 11th with terms of sale 2/10, 60 Extra. a. What is the discount date? b. What is the net date? 12. Stan ordered merchandise on October 26th, the terms of sale for his item was 2/10, ROG. If his item was received on November 27th? a. What is the discount date? b. What is the net date? 13. Josie ordered an item on June 27th with terms of sale 3/15, EOM. a. What is the discount date?