The Snow Store Received an Invoice for $6710

question 41

Essay

The Snow Store received an invoice for $6710.00 dated July 13, terms 5/10, 2/30, n/90, for a shipment of skis. The Ski Shop made two partial payments.
a) How much was paid July 20 to reduce the unpaid balance to $4000.00?
b) How much was paid on August 11 to reduce the outstanding balance by $1700.00?

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Definitions:

Chinese

Relating to China or its languages, culture, or people, with Mandarin being the most widely spoken language.

Strategic Hamlets

A program initiated by the South Vietnamese government and supported by the United States during the Vietnam War to combat rural insurgency by relocating Vietnamese villagers to fortified camps.

ARVN

The Army of the Republic of Vietnam, which was the ground forces of the South Vietnamese military during the Vietnam War.

Catastrophe

A sudden and widespread disaster or calamity that causes significant damage or suffering.