Lucy was in charge of sourcing chemicals for her pharmaceutical company. She received the invoice for the shipment of chemicals for $280,400 with an invoice dated October 12, 2020 and payment terms 2/10, 1/30, R.O.G. The chemicals were delivered on October 29, 2020.

a. If she paid $100,000 on November 08, what was the outstanding balance?

b. What was the amount of the second payment that she made on November 11 if it reduced the balance to $69,288.89?

c. What was her total payment for the chemicals (assuming that the balance was paid during the non-discount period)?

AppendixLO1