Vail Ski Shop received a $1,210 invoice dated July 17 with 3/10, 2/15, n/60 terms. On July 31, Vail sent a $494 partial payment.

Question

Vail Ski Shop received a $1,210 invoice dated July 17 with 3/10, 2/15, n/60 terms. On July 31, Vail sent a $494 partial payment.
a. What credit should Vail receive? (Round your answer to the nearest cent.)
b. What is Vail's outstanding balance? (Round your answer to the nearest cent.)

Kunduz · Accepted Answer

Click to see the answer