Question: 8. An invoice for $2678.50 dated April 15 has terms: 1.5/14, E.O.M. a What is the last day for taking the cash discount? What payment

8. An invoice for $2678.50 dated April 15 has terms: 1.5/14, E.O.M. a What is the last day for taking the cash discount? What payment on April 30 will reduce the outstanding balance by $800? Q 5 If an additional payment of $1000 is made on May 5, what will be the new balance

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