Qty. Item # Description Unit Price Discount % Line Total 356 Model A Business class...

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Accounting

Qty. Item # Description Unit Price Discount % Line Total

356 Model A Business class router 95.68 9% a.

179 Model B Executive business class router 164.84 15%,8%, 2% b.

Subtotal c.

Ontario Sales tax amt. d.

Total e.

  1. What is the Line total for the Model A routers after the discount.
  2. What is the Line total for the Model B routers after the discount.
  3. What is the subtotal?
  4. What is the amount added for Ontario Sales tax?
  5. What is the final total amount?
  6. What is the single equivalent rate of discount for Model B? Your answer should be in the format xx.xx%, so to two decimal places.
  7. This invoice was originally dated April 30, 2020. It has payment terms of 5/10, 2/30 and n/60. The company purchasing the routers has agreed to make a cash payment of $13110 on May 1. What is the credited amount to the account?
  8. When these two types of routers, Model A and Model B, were purchased they were subject to a total of 4 different discounts. List specifically the possible discounts that these could be representative of, looking at your types of discounts.
  9. Using your solution for the total amount of the invoice along with the credited amount for the cash payment made, what is the outstanding balance owing, if any?SHOW YOUR VALUES USED AND THE CALCULATIONS TO ACHIEVE THE FINAL SOLUTION BELOW.After you calculations please also provide the last date for which each of the discounts would apply.

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