The data below pertains to a paricular purchase:

Date of invoice -------------- August 23

List price --------------------$2,500

Trade discount -------------- 40%

Prepaid freight -------------- $125

Terms -------------- 2/10, n/30 FOB Shipping Point

a. When the invoice is received from the vendor, the purchaser should expect the total of

the invoice to be what amount?

b. What is the last day on which the purchaser may make payment and still be entitled to

the cash discount?

c. What is the amount of the cash discount that can be taken if the invoice is paid within

the discount period?