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1) It's 6/5 and Trilogy, Inc. is ready to pay a $480 bill from their...

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Accounting

1) It's 6/5 and Trilogy, Inc. is ready to pay a $480 bill from their supplier. The bill is dated 5/20 and the terms are 1%/10, net 30. Their supplier assesses a $10 late charge on any late payments.

How much do they owe?

Select one:

A. $490.00

B. $470.40

C. $480.00

Answer & Explanation Solved by verified expert
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