Asked by Valerie Yakusheva on Jun 03, 2024
Verified
Ballard Jewellers received an invoice dated August 22 from Safeguard Security Systems for $2,856.57 with terms 2½/10, 1/20, n/45. Ballard made payments of $900 on September 1, $850 on September 10, and $700 on September 30. What amount was still owed on October 1?
Safeguard Security Systems
Measures or devices designed to protect against unauthorized access, theft, or damage.
- Understand the specifics of sale agreements and calculate the payments required to discharge invoices as per the terms outlined.
- Calculate the payment required to settle outstanding invoices, considering sequential payments and terms.
Verified Answer
KS
Learning Objectives
- Understand the specifics of sale agreements and calculate the payments required to discharge invoices as per the terms outlined.
- Calculate the payment required to settle outstanding invoices, considering sequential payments and terms.
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