FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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DCM Clocks received the following two invoices from its supplier: $28,000 on
September 8, 2014 and $21,500 on September 23, 2014. If the payment terms on both
the invoices were 2/15, 1/30, n/60, calculate the amount that must be paid by DCM
Clocks to settle both of these invoices on October 8, 2014.
Round to the nearest cent
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Transcribed Image Text:DCM Clocks received the following two invoices from its supplier: $28,000 on September 8, 2014 and $21,500 on September 23, 2014. If the payment terms on both the invoices were 2/15, 1/30, n/60, calculate the amount that must be paid by DCM Clocks to settle both of these invoices on October 8, 2014. Round to the nearest cent
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