Question: Lulumango received an invoice dated November 18 for a shipment of goods received on November 15. The invoice was for $8930 with terms 4/10, 2/20,

Lulumango received an invoice dated November 18 for a shipment of goods received on November 15. The invoice was for $8930 with terms 4/10, 2/20, 1/45, n/90. Lulumango made a $3500 payment on November 26 and an $1100 payment on December 2. How much must Lulumango pay by January 2 to clear the remaining balance? (Round all calculations to the nearest cent.)

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 Finance Questions!