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An invoice dated March 12 in the amount of $50,000 is received by Reliance Corporation on March 16. ...

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An invoice dated March 12 in the amount of $50,000 is received by Reliance Corporation on March 16. ...

An invoice dated March 12 in the amount of $50,000 is received by Reliance Corporation on March 16. Cash discount terms on the invoice are 3/10, n/30. On March 16 Reliance mails a check in the amount of $8,000 as partial payment on the invoice. The outstanding balance owed on the invoice is:

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$8,247.42

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$41,752.58

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$8,240.00

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$41,760.00

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None of these

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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More solutions for this book are available here

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