Question: Pallette Manufacturing received an invoice dated May 2 9 with terms 1 / 1 5 , n / 3 0 . The amount stated on

Pallette Manufacturing received an invoice dated May 29 with terms 1/15, n/30. The amount stated on the invoice was $2507.00.
(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?
(a) The last day to take the cash discount is
(b) The amount due is $ (Round to the nearest cent as needed.)

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