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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 90
Answer the following questions based on the Leisure Time Industries invoice on the following page.
Ned's Sheds purchases building materials from Timbertown Lumber for $3,700 with terms of 4/15, n/30. The invoice is dated October 17. Ned's decides to send in a $2,000 partial payment.
a. By what date must the partial payment be sent to take advantage of the cash discount?
b. What is the net date?
c. If partial payment was sent by the discount date, what is the balance still due on the order?
Ned's Sheds purchases building materials from Timbertown Lumber for $3,700 with terms of 4/15, n/30. The invoice is dated October 17. Ned's decides to send in a $2,000 partial payment.
a. By what date must the partial payment be sent to take advantage of the cash discount?
b. What is the net date?
c. If partial payment was sent by the discount date, what is the balance still due on the order?
Explanation
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a.
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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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