Question: can you explain this to me the partial payment portion i under stand the 3/10 2/15 but i don't understand the partial payment. credit part..

can you explain this to me the partial payment portion i under stand the 3/10 2/15 but i don't understand the partial payment. credit part.. see how it says credit part is assuming it 1060.00-243.00 but that's not the answer.. pls help

Stacy's Dress Shop received a $1,060 invoice dated July 09 with 3/10, 2/15, n/60 terms. On July 23, Stacy's sent a $243 partial payment. (If more than one discount, assume date of last discount.) a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

H 2 Instructions: 3 You are the controller at Star Wars, Inc., a wholesale distributor of light sabers and other interstellar weaponry. The corporation 4 was founded in galaxy far, far away a long...

Need help with the transaction set. Journal & ledgers ASAP OPERATING INSTRUCTIONS Introduction After you register for Seaside Marina, you will receive an email from Ivy Software containing three...

This is for accounting. I need the answers as soon as possible to compare because my professor will not help. The transaction set and workbook is attached. OPERATING INSTRUCTIONS Introduction After...

I need help with this accounting project that I have I did the first few transactions and added them to a general ledger but I am having difficulty with the rest. Accounting isn't my major which is...

I have this Accounts assignment that needs to be done. Need help on that Statement of individual work Individual work required This project is designed to assure that all students, individually, have...

ACC 111 Project 1A On August 1, 2016, Stephanie Ram, a sole proprietor, started a new business, Ram Wholesale Company. The company sells refrigerators (merchandise) to various retail stores and uses...

Management 587 Case/Assignment/Summary Activity Name Texas A&M-Commerce In partial fulfillment of the requirements for MGT 587 Professor Lloyd M. Basham June 8, 2014 (The above [and the next 3 lines]...

C 111 Project 1A August 1, 2016, Stephanie Ram, a sole proprietor, started a new business, Ram Wholesale Company. The company sells refrigerators ierchandise) to various retail stores and uses the...

On August 1, 2016, Stephanie Ram, a sole proprietor, started a new business, Ram Wholesale Company. The company sells refrigerators (merchandise) to various retail stores and uses the periodic...

A 1000-lb force is resolved into components along AB and AC as shown below. If the component along AB is 700 lb, determine the angle a and the value of the component along AC. 1000 Ib 45 B

the following trial balance is taken from the general fund of the city of jennings for the year ending December 31, 2015. prepare a condensed statement of revenues, expenditures, and other changes in...

rephrase into sentence The income tax preparation industry generates revenue primarily through tax return preparation services for individuals and businesses. When creating sales projections for an...

SCTYQ issued 9,000 bonds 5 years ago with 30 years to maturity when they were issued. The coupon rate is 2.4% and coupons are paid annually. The current price of each bond is $568.81. In addition,...