Question: 5. Sierra Stone Ltd. received an invoice dated June 18 with terms 4/15, n/30. The amount stated on the invoice was $3616.00. (a) What is

5. Sierra Stone Ltd. received an invoice dated June 18 with terms 4/15, n/30. The amount stated on the invoice was $3616.00.

(a) What is the last day for taking the cash discount?

(b) What is the amount due if the invoice is paid on the last day for taking the discount?

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