1 (a) Time Bomb Traders Inc. in Burnaby just received an invoice dated February 17 (of a leap year) from Urban Ears headphones in the amount of $36,448.50 with terms of 1½/15, ½/30, n/45 ROG. The items on the invoice are received on March 3. What amount is the full payment if Urban Ears receives it on March 18?
1 (a) Time Bomb Traders Inc. in Burnaby just received an invoice dated February 17 (of a leap year) from Urban Ears headphones in the amount of $36,448.50 with terms of 1½/15, ½/30, n/45 ROG. The items on the invoice are received on March 3. What amount is the full payment if Urban Ears receives it on March 18?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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1 (a) Time Bomb Traders Inc. in Burnaby just received an invoice dated February 17 (of a leap year) from Urban Ears headphones in the amount of $36,448.50 with terms of 1½/15, ½/30, n/45 ROG. The items on the invoice are received on March 3. What amount is the full payment if Urban Ears receives it on March 18?
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