Question: The Snow Store received an invoice for $6710.00 dated July 13, terms 5/10, 2/30, n/90, for a shipment of skis. The Ski Shop made two

The Snow Store received an invoice for $6710.00 dated July 13, terms 5/10, 2/30, n/90, for a shipment of skis. The Ski Shop made two partial payments.

a) What is the last day of the discount period?

b) How much was paid July 20 to reduce the unpaid balance to $4000.00?

c) How much was paid on August 11 to reduce the outstanding balance by $1700.00?

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Ans a 6 e Given amount recieved 67100 on terms 510 1230290 means 5 discount of paid within 10 days ... View full answer

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