Adele, the purchasing manager, received an invoice for $290,000 dated March 17, 2020 with payment terms 2/7,
Question:
Adele, the purchasing manager, received an invoice for $290,000 dated March 17, 2020 with payment terms 2/7, 1.5/30, n/45. She made a first payment of $140,500 on March 24, a second payment of $100,000 on April 16, and the balance on May 01.
a. What was the balance amount after the first payment?
b. What was the amount paid on May 01?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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