Neds Sheds
purchases building materials from Timber town Lumber for $3,700 with terms of
4/15, n/30. The invoice is dated October 17. Neds decides to send in a $2,000
partial payment. a. By what date must the partial payment be sent to take
advantage of the cash discount? b. What is the net date? c. If partial payment
was sent by the discount date, what is the balance still due on the order?
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