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On May 23, CanFood Inc. received an invoice dated May 21 for $8, 500 with payment terms 6/12, 2/20, n/40, ROG. The items specified on
On May 23, CanFood Inc. received an invoice dated May 21 for $8, 500 with payment terms 6/12, 2/20, n/40, ROG. The items specified on the invoice was received May 25. (a) When is the last day of the 2%-discount period? (b) If CanFood Inc. wants to settle the invoice on Jun 6, what is the amount needed to be paid on that day?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
