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Maya, the general manager of Fitness World, received a shipment of new equipment for her gym. The invoice dated March 04, 204 was for $
Maya, the general manager of Fitness World, received a shipment of new equipment for her gym. The invoice dated March 04, 204 was for $ 30,000 with payment terms of 3/10, 2.5/30, n/60. a) If she made a payment of $10,000 on March 14, 2014, calculate the balance amount on the invoice. (2marks) b) What further payment on April 03, 2014, will reduce the balance to $ 2000? (2marks) c) If the invoice was settled with a balance payment on May 03, 2014, what was the total payment for the shipment? (2marks)
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