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C. Cost of money. 11. Jolly Company received a check for $ 287.00 in payment of a bill for $ 296.60. The customer was entitled

C. Cost of money.

11. Jolly Company received a check for $ 287.00 in payment of a bill for $ 296.60. The customer was entitled to a 3% discount if they pay cash in 7 working days, n / 30. Is the amount of the check correct?

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