Starlight, a Kingston based production company, shipped a truck-load of lighting equipment to a client in Halifax. The invoice of $175,000 for the equipment was dated August 2, 2014. The equipment was received by the client on September 10, 2014. If the payment terms were 3.50/10, n/45, R.O.G., what cash discount would the client receive if the invoice is settled on the following dates: Round all the answers to the nearest cent! a. September 10? b. September 25? c. October 10?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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Starlight, a Kingston based production company, shipped a truck-load of
lighting equipment to a client in Halifax. The invoice of $175,000 for the
equipment was dated August 2, 2014. The equipment was received by the
client on September 10, 2014. If the payment terms were 3.50/10, n/45,
R.O.G., what cash discount would the client receive if the invoice is settled on
the following dates:
Round all the answers to the nearest cent!
a. September 10?
b. September 25?
c. October 10?
Transcribed Image Text:Starlight, a Kingston based production company, shipped a truck-load of lighting equipment to a client in Halifax. The invoice of $175,000 for the equipment was dated August 2, 2014. The equipment was received by the client on September 10, 2014. If the payment terms were 3.50/10, n/45, R.O.G., what cash discount would the client receive if the invoice is settled on the following dates: Round all the answers to the nearest cent! a. September 10? b. September 25? c. October 10?
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