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April 18, 2014

Homework Help: math

Posted by natasha on Monday, October 22, 2012 at 2:05am.

Morgan Company received from Lee Company an invoice dated September 27. Terms were 2-10 EOM. List price on the invoice was $5000.00(freight not included). Morgan receives a 9/7 chain discount. Freight charges are Morgans resposibility but Lee agreed to prepay the $150. freight charge. Morgan pays the invoice November 9. What does Morgan pay Lee?

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