Melanie Mechanic received an invoice dated Apr 8th. The invoice amount is for car parts and is for $7,500 less 28%, with terms 3/10, ROG. The car parts arrive on Apr 25th.

(0.5 mark) What date is the cash discount valid until?

(1 mark) How much will Melanie have to pay if it takes advantage of the cash discount?

(0.5 mark) What date is the credit period valid until?

(1 mark) How much will Melanie have to pay if it does not take advantage of the cash discount?

(3 mark) Suppose Melanie sends a $2,800 cheque for partial payment on Apr 30th. How much does Melanie still owe after this payment?