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Mayfair Distributors sent Bed 'n Bath an invoice dated December 23 for $5,344.90 with terms 2/10, 1/20, n/30. The penalty on overdue accounts is
Mayfair Distributors sent Bed 'n Bath an invoice dated December 23 for $5,344.90 with terms 2/10, 1/20, n/30. The penalty on overdue accounts is 1 1/2% of the overdue balance. a. What is the balance after a payment of $3,000 on January 3? (Round your answer to the nearest cent.) Balance b. What additional payment on January 30 will settle the account? (Round your answer to the nearest cent.) Payment -A
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