The Local Dollar Store Received an Invoice for $8500

question 136

Essay

The Local Dollar Store received an invoice for $8500.00 dated January 31, terms 5/10, 2/30, n/90, for a shipment of skis. The Local Dollar Store made two partial payments.
a) How much was paid on February 7 to reduce the unpaid balance to $5000.00?
b) How much was paid on March 1 to reduce the outstanding balance by $1500.00?
c) What was the outstanding balance on the account on March 2?
d) How much did the Local Dollar Store save by taking the advantage of the cash discounts?

---

Definitions:

Nondecorative Typefaces

Nondecorative typefaces, also known as sans-serif fonts, are simple and straightforward styles of lettering without additional embellishments, making them easy to read.

Application Letter

A document submitted to an employer that expresses the sender's interest in a job position and highlights their qualifications.

Invitation for Interview

A formal or informal request to a candidate to attend an interview, often for the purpose of evaluating their suitability for a particular role or position.

Résumé Errors

Mistakes or inaccuracies found on a CV or resume, which can range from typographical errors to incorrect information.