Question: 1. Gunderson's Hardware received a $1,120 invoice dated July 15 with 5/10, 4/15, n/60 terms. On July 29, Gunderson's sent a $249 partial payment. a.

1. Gunderson's Hardware received a $1,120 invoice dated July 15 with 5/10, 4/15, n/60 terms. On July 29, Gunderson's sent a $249 partial payment. a. What credit should Gunderson's receive? (Round your answer to the nearest cent.) Credit $ b. What is Gunderson's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance 2. The 2012 Mini Cooper S retails starting at $25,200. Assume the dealership can purchase five with a 30/20/15 chain discount. What is the dealer's net price for all five vehicles? Net price 3. Gunderson's Hardware received a $1,202 invoice dated July 09 with 3/10, 2/15, n/60 terms. On July 23, Gunderson's sent a $486 partial payment. a. What is the amount of savings due to the cash discount? (Round your answer to the nearest cent.) Amount of savings b. What is the outstanding balance on this invoice? (Round your answer to the nearest cent.) Outstanding balance

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