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June 30, 2015

Homework Help: Math

Posted by Brandi on Friday, August 23, 2013 at 11:16pm.

I DO NOT understand this at all and I worked on it and came up with answers but they were wrong??

Nedís Sheds purchases building materials from Timbertown Lumber for $3,700 with terms of 4/15, n/30. The invoice is dated October 17. Nedís decides to send in a $2,000 partial payment. By what date must the partial payment be sent to take advantage of the cash discount?

If partial payment was sent by the discount date, what is the balance still due on the order?

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