The Following Invoices, All with Terms 5/10, 2/30, N/60, Were

question 108

Essay

The following invoices, all with terms 5/10, 2/30, n/60, were paid together on March 15. Invoice No. 457 dated January 30 is for $294.67; invoice No. 542 dated February 15 is for $486.50; and invoice No. 877 dated March 10 is for $911.25. What amount was remitted?

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Definitions:

Prothrombin

A plasma protein that is converted into thrombin during the blood clotting process, playing a critical role in hemostasis.

Thrombin

An enzyme in blood plasma that causes the clotting of blood by converting fibrinogen to fibrin.

Hematocrit

Hematocrit is a blood test measure that indicates the proportion of red blood cells to the total blood volume, expressed as a percentage.

Male

Referring to the sex that produces small, mobile gametes, typically associated with physiological and genetic characteristics distinct from the female.