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On October 20, Revere Products Purchased Lamps from A&L Imports

Question 141

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On October 20, Revere Products purchased lamps from A&L Imports for $7,500 with terms of 4/15, n/30. On the last day of discount, Revere Products sent in a $3,000 partial payment.
A)What is the last day of discount?
B)How much credit did Revere get for the partial payment?

Correct Answer:

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a.November...

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