Determine the amount to be paid within the discount period for purchase with an invoice price of $7,745, subject to credit terms of 2/10, n/30. Explain how you reached your answer. $__________

Text: College Accounting, A Practical Approach
Tenth Edition
ISBN: 0-13-228638-6

Name: David Alexander
Student #: 60399
Course #: BAM-110
Course Title: Introduction to Accounting
Unit 4, Question 1

Written Assignment Requirements

Always include your name, student number, course number, course title and unit number on each page of your written assignment (this is for your protection in case your materials become separated).

Begin each written assignment by identifying the question number you are answering followed by the actual question itself (in bold type).

Use a standard essay format for responses to all questions (i.e. an introduction, middle paragraphs and conclusion).

All responses must be typed double-spaced, using a
standard font (i.e. Times New Roman) and 12 point type size for ease of reading and grading.

All online responses must be submitted as a MS Word
Document file only.
Written assignments are judged on the quality of the response in regard to the question. Word count is NOT one of the criteria that is used in assigning points to written assignments. However, students who are successful in earning the maximum number of points tend to submit written assignments that fall in the following ranges:

Undergraduate courses: 350 “ 500 words or 1 “ 2 pages.