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:

N-Alkanes

A class of hydrocarbons with the general formula CnH2n+2, where n is an integer, representing saturated straight-chain hydrocarbons.

Tert-Butyloctane

An organic compound characterized by an octane backbone with a tert-butyl group attached to one of its carbon atoms.

Hydrocarbons

Organic compounds composed exclusively of hydrogen and carbon atoms, which can vary in structure, including alkanes, alkenes, and aromatics.

Saturated

Describes a molecule that contains no double or triple carbon-carbon bonds, with all carbon atoms connected by single bonds.