Andrea purchased raw materials for her factory and received an invoice for $16,000 dated May 17,...

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Accounting

Andrea purchased raw materials for her factory and received aninvoice for $16,000 dated May 17, 2018, with terms 3/10, 2.3/15,n/30. She made a partial payment of $10,000 on June 1, 2018, andthe balance on June 16, 2018. What was the total Andrea paid forthe invoice?

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Invoice Date 17May18 Invoice Amount 16000 Terms of Payment 310 2315 n30 It means that if buyer makes the payment within 10 days of invoice date See Answer

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Andrea purchased raw materials for her factory and received an invoice for $16,000 dated May 17,...

80.2K

Verified Solution

Question

Accounting

Andrea purchased raw materials for her factory and received aninvoice for $16,000 dated May 17, 2018, with terms 3/10, 2.3/15,n/30. She made a partial payment of $10,000 on June 1, 2018, andthe balance on June 16, 2018. What was the total Andrea paid forthe invoice?

Answer & Explanation Solved by verified expert

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