Lions Furniture received an invoice in the amount of $6,951 dated September 16, 2021 with terms 5/10,

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Lions Furniture received an invoice in the amount of $6,951 dated September 16, 2021 with terms 5/10, 2/20, n/60. If the invoice is to be paid in full on September 27, how much will the payment be?

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Dynamic Business Law

ISBN: 9781260733976

6th Edition

Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs

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Posted Date: Apr 06, 2024 07:53 AM

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Lions Furniture received an invoice in the amount of $6,951 dated September 16, 2021 with terms 5/10,

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Expert Answer:

Analyzing the invoice terms 510 This means a 5 discount is offered if the invoice is paid within 10 ... View the full answer

Dynamic Business Law

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