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:

Secondary Line Voltage

The voltage seen across the secondary winding of a transformer or at the output of a power supply, typically lower than the primary voltage.

Turns Ratio

The ratio of the number of turns in the primary winding to the number of turns in the secondary winding of a transformer, affecting its voltage transformation.

Delta-Wye Transformer

A type of electrical transformer that can convert between delta and wye (star) configurations, facilitating the transformation of voltage levels and phase shift adjustments in power systems.

Wye-Delta Transformer

A transformer configuration used to shift between high and low voltages in a three-phase electrical system, involving a star (Wye) connection and a delta connection.