Case Study "RINGANA"

Data

Date of delivery: within 2 weeks of the order date Delivery clause: carriage paid to Hartberg railway station Terms of payment: net cash 60 days or 3% cash discount within 7 days of the invoice date

1 transaction

The transaction is a regular transaction because the delivery date is not fixed.

2 passing of risk

The passing of risk occurs when the goods are handed over to the carrier. In this case, the passing of risk occurs when the goods are handed over to the railway station.

3 reasons for the packaging system

sustainability: The packaging uses glass bottles which can be returned and reused.
protection: The packaging protects the products from external influences.
hygiene: Glass bottles are more hygienic than plastic bottles.

4 costs of packaging

The costs of packaging are included in the price of the product. The packaging is part of the product and is not charged separately if the conditions do not contain any special agreements.

5 payment amount

June 20xx: 9.786,00 € including VAT

\begin{align*} \text{Net amount} &= \frac{9.786,00}{1 + 0,20} = 8.155,00 € \\ \text{Cash discount} &= 0,03 \cdot 8.155,00 = 244,65 € \\ \text{Net amount after cash discount} &= 8.155,00 - 244,65 = 7.910,35 € \end{align*}

6

\begin{align*} \text{Cash discount} &= \frac{\text{Cash discount}}{\text{Net amount after cash discount}} \cdot 100 \% \\ &= \frac{244,65}{7.910,35} \cdot 100 \% = 3,09 \% \end{align*}

The annual interest rate that corresponds to the cash discount is 3,09%. This means that if the customer pays the invoice within 7 days, they save 3,09% of the net amount.