The Exotic Import Company Received an Invoice Dated January 5

question 148

Essay

The Exotic Import Company received an invoice dated January 5 for a shipment of goods received January 11. The invoice was for $5525.00 less 40%, 8% with terms 3/20 R.O.G. How much must Exotic Import pay on January 20th to reduce its debt
a) by $3000.00?
b) to $3000.00?

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Definitions:

Ecologically Sustainable

Practices or processes that are designed to preserve the environment and natural resources for future generations.

Energy-efficiency

The goal or practice of reducing the amount of energy required to provide products and services, often to conserve resources and reduce environmental impact.

Greenhouse Gases

Gases in the Earth's atmosphere that trap heat, contributing to global warming, including carbon dioxide, methane, and nitrous oxide.

Bioplastic

A type of plastic material derived from renewable biomass sources, such as vegetable fats, oils, corn starch, or microbiota, designed to reduce reliance on fossil fuels.