Magenta Company received an invoice of $25,200 for catering services at their annual company picnic. The...
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Magenta Company received an invoice of $25,200 for catering services at their annual company picnic. The invoice was dated June 7, 2013 and had the following payment terms 6/10, 3/15, n/30. a. Calculate the amount required to settle the invoice on June 14, 2013 Round to the nearest cent b. Calculate the amount required to settle the invoice on June 20, 2013 Magenta Company received an invoice of $25,200 for catering services at their annual company picnic. The invoice was dated June 7, 2013 and had the following payment terms 6/10, 3/15, n/30. a. Calculate the amount required to settle the invoice on June 14, 2013 Round to the nearest cent b. Calculate the amount required to settle the invoice on June 20, 2013
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Answer rating: 100% (QA)
a To settle the invoice on June 14 2013 the company would take the full amount of 25200 ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
Posted Date:
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