A publishing company delivered textbooks worth $48,000 to a college bookstore. The invoice is dated July 18, 2020 and has the following payment terms: 3.5/7, 3/30, n/45. What amount paid by the bookstore to the publisher will settle the invoice on: a. July 25, 2020 b. August 17, 2020 c. September 1, 2020
A publishing company delivered textbooks worth $48,000 to a college bookstore. The invoice is dated July 18, 2020 and has the following payment terms: 3.5/7, 3/30, n/45. What amount paid by the bookstore to the publisher will settle the invoice on: a. July 25, 2020 b. August 17, 2020 c. September 1, 2020
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:A publishing company delivered textbooks worth $48,000 to a college
bookstore. The invoice is dated July 18, 2020 and has the following payment
terms: 3.5/7, 3/30, n/45. What amount paid by the bookstore to the publisher
will settle the invoice on:
a. July 25, 2020
b. August 17, 2020
c. September 1, 2020
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