On March 1, Bates Board Shop sells 287 surfboards to a local lifeguard station at a sales price of $461 per board. The cost to Bates is $240 per board. The terms of the sale are 6/15, n/30, with an invoice date of March 1. If the customer made the payment on March 10, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places.
On March 1, Bates Board Shop sells 287 surfboards to a local lifeguard station at a sales price of $461 per board. The cost to Bates is $240 per board. The terms of the sale are 6/15, n/30, with an invoice date of March 1. If the customer made the payment on March 10, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On March 1, Bates Board Shop sells 287 surfboards to a local lifeguard station at a sales price of $461 per board. The cost to Bates is $240 per board. The terms of the sale are 6/15, n/30, with an invoice date of March 1.
If the customer made the payment on March 10, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places.
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