Problem: Sales Marketing and Customer Services
The following items were bought on credit by Nagicor insurance company Ltd , Road town , Tortola:
25 ream Copy -Rite letter-Size paper @ $500 each;
20 reams Copy-Rite legal- size paper $650 each.
Terms: Quantity discount offered at 10% if the invoice is settled within 20 days, the customer will receive a 5% discount, otherwise net. Stationery world also offers 3 percent cash discount if the bill is settled within 10 days. The full payment is due 30 days from the invoice date.
• Prepare an invoice dated February 25, 2021 to show the transaction.
• How much will Nagicor Insurance Ltd pay if the account is settled within 10 days?
• How much will Nagicor Insurance Ltd pay if the bill is settled on the due date?
• State THREE functions of the sales department.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.