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On March 1, Bates Board Shop sells 364 surfboards to a local lifeguard station at a sales price of $451 per board. The cost
On March 1, Bates Board Shop sells 364 surfboards to a local lifeguard station at a sales price of $451 per board. The cost to Bates is $154 per board. The terms of the sale are 5/15, n/30, with an invoice date of March 1. If the customer made the payment on March 10, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places.
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
