Question
5. Fashion barn Limited corp. has received an invoice of $25000.00 less 5% on March 20th for a shipment of clothes received on May
5. "Fashion barn" Limited corp. has received an invoice of $25000.00 less 5% on March 20th for a shipment of clothes received on May 15th with the following terms: 4/15 n/30 E.O.M. a) What is the last day that they can take the cash discount? (2 ma b) Find the size of the payment made on May 28th if "Fashion barn" limited corp. decides to reduce the outstanding balance by $15000.00. (5.5 marks) gurbhej singh c) Find the size of the payment if "Fashion barn" limited corp. decides to pay the entire invoice on April 2nd. (3 marks)
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