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Stacys Dress Shop received a $1,080 invoice dated July 11 with 5/10, 4/15, n/60 terms. On July 25, Stacys sent a $245 partial payment. (If
Stacys Dress Shop received a $1,080 invoice dated July 11 with 5/10, 4/15, n/60 terms. On July 25, Stacys sent a $245 partial payment. (If more than one discount, assume date of last discount.) a. What credit should Stacys receive? (Round your answer to the nearest cent.)
b. What is Stacys outstanding balance? (Round your answer to the nearest cent.)
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