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Magenta Company received an invoice of $27,700 for catering services at their annual company picnic....

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Accounting

Magenta Company received an invoice of $27,700 for catering services at their annual company picnic. The invoice was dated May 6,2013 and had the following payment terms 710,315,n30.
a. Calculate the amount required to settle the invoice on May 14,2013
Round to the nearest cent
b. Calculate the amount required to settle the invoice on May 19,2013
c. How much money would the company save by settling the invoice within the first discount period rather than settling it within the second discount period?
Round to the nearest cent
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