Starlight, a Kingston based production company, shipped a truck-load of lighting equipment to a client in Halifax.

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Starlight, a Kingston based production company, shipped a truck-load of lighting equipment to a client in Halifax. The invoice of $175,000 for the equipment was dated August 02, 2020. The equipment was received by the client on September 10, 2020. If the payment terms were 2.5/10, n/45, R.O.G., what cash discount would the client receive if the invoice is settled on the following dates:

a. September 10?

b. September 25?

c. October 10?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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