Stacy's Dress Shop received a $1,080 invoice dated July 11 with 5/10, 4/15, n/60 terms. On...

 

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Stacy's Dress Shop received a $1,080 invoice dated July 11 with 5/10, 4/15, n/60 terms. On July 25, Stacy's sent a $245 partial payment. (If more than one discount, assume date of last discount.) What credit should Stacy's receive Stacy's Dress Shop received a $1,080 invoice dated July 11 with 5/10, 4/15, n/60 terms. On July 25, Stacy's sent a $245 partial payment. (If more than one discount, assume date of last discount.) What credit should Stacy's receive

Answer rating: 100% (QA)

To calculate the credit that Stacys should receive we first need to determine the terms of th... View the full answer