Elite Manufacturing received an invoice dated Jan 10th. The invoice amount is $35,000 less 25% and 10%, with terms 4/20, n/45.

• a) What date is the cash discount valid until?
• b) What date is the credit period valid until?
• c) How much will Elite have to pay if it does not take advantage of the cash discount?
• d) How much will Elite have to pay if it pays within the cash discount period?