A video production studio sent Hakim an invoice of $18,500 for the creation of an advertising video

Question:

A video production studio sent Hakim an invoice of $18,500 for the creation of an advertising video for his designer clothes. The invoice was dated April 05, 2020 and had the following payment terms 3/10, 2/30, n/60. Calculate the amount paid by Hakim and the cash discount if the invoice was settled on:

a. April 15, 2020

b. May 05, 2020

c. June 04, 2020 AppendixLO1

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