An invoice dated 4/18/xx received by ralph's supply indicated a balance of $7,000. this balance included a freight charge of $500. terms of the bill were 4/10, 3/30, n/60. assuming ralph pays off the bill on april 30, he pays:

The total amount would be $6,805

Explanation:

The computation of the amount paid is shown below:

invoice amount = $6,500  ($7000 - $500)

Less - discount ($6,500 × 3%) = ($195)

Net balance = $6,305

Add - freight charges = $500

Total amount paid = $6,805

In invoice amount, the freight charges are added, so first, we have to deduct the freight charges to get the actual value than we deduct the discount of 3% since the payment was made on April 30.  

From 18 April to April 30, 13 days are there so we take a 3% discount rate since the payment was made within 30 days.  

And, after that, the freight charges are added back to get the total amount which would be paid.

happiness is the correct luck

explanation:

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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