Encino Ltd

question 90

Essay

Encino Ltd. received an invoice dated February 16 for $520.00 less 25%, 8.75%, terms 3/15 E.O.M. A cheque for $159.20 was mailed by Encino on March 15 as part payment of the invoice.
a) By how much did Encino reduce the amount due on the invoice?
b) How much does Encino still owe?

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Definitions:

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Discarded electrical or electronic devices. Often considered hazardous due to the toxic materials contained within.