The Following Invoices, All with Terms 7

question 56

Essay

The following invoices, all with terms 7.5/10, 2.5/30, n/45, were paid together on March 25. First invoice dated February 1 is for $2940.67; second invoice dated February 25 is for $4086.50; and the third invoice dated March 18 is for $9101.25. What amount was remitted?

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Definitions:

Pulmonary Fibrosis

A lung disease that occurs when lung tissue becomes damaged and scarred, impeding effective gas exchange and breathing.

Chronic Bronchitis

A long-term inflammation of the bronchi in the lungs, often caused by smoking, leading to coughing and difficulty breathing.

Emphysema

A lung condition that is part of chronic obstructive pulmonary disease (COPD), characterized by damage to the air sacs (alveoli), leading to difficulty breathing.

Pulmonary Tuberculosis

Respiratory infection caused by the bacterium Mycobacterium tuberculosis.