Harris Manufacturing waited until the last day of the discount periodJune 12to settle an invoice from its
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Harris Manufacturing waited until the last day of the discount period—June 12—to settle an invoice from its supplier, Edwards Electrical Products. The terms were 3/15, n/30. The June 12 payment was $4074, and resulted in full settlement of the debt a. What was the date of the invoice? b. What was the full invoice amount?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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