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On March 1, Bates Board Shop sells 212 surfboards to a local lifeguard station at...

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Accounting

On March 1, Bates Board Shop sells 212 surfboards to a local lifeguard station at a sales price of $488 per board. The cost to Bates is $239 per board. The terms of the sale are 5/15, n/30, with an invoice date of March 1. If the customer made the payment on March 10, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places

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