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What amount will reduce the amount due on an invoice of $6,520.00 by $3,194.80 if the terms of the invoice are 2/10, E.O.M., and the
What amount will reduce the amount due on an invoice of $6,520.00 by $3,194.80 if the terms of the invoice are 2/10, E.O.M., and the payment was made during the discount period? The invoice date is December 15, 2009. (Do not enter the dollar sign, $, in your answers.) Invoice = Payment = Credit = Balance = Blue Mountain Services received an invoice for $1,406 dated October 5, 2015. The terms stated on the invoice were 3/10, 1/20, n/40 EOM. The goods were delivered on November 4, 2015. Numerical values must be correct to 2 decimals. Do not include the $ sign, or the, to indicate thousands. Dates must include the whole month and exact spacing, as in the question above. a.) What is the last day Blue Mountain Services can take advantage of the 3% discount? b.) What is the last day Blue Mountain Services can take advantage of the 1% discount? c.) What is the last day Blue Mountain Services can pay without paying interest on the invoice? d.) If Blue Mountain Services pays the full invoice on November 13, 2015, how much will they have to pay? Note: Questions e.) and f.) are separate, independent questions. e.) If Blue Mountain Services makes a partial payment of $400 on November 3, 2015, what will they reduce the balance to? f.) What payment would Blue Mountain Services need to make on November 15, 2015 to reduce the balance due by $400
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