On March 1, Bates Board Shop sells 351 surfboards to a local lifeguard station at a sales price of $303 per board. The cost to Bates is $158 per board. The terms of the sale are 5/15, n/30, with an invoice date of March 1. If the customer made the payment on March 20, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places.
On March 1, Bates Board Shop sells 351 surfboards to a local lifeguard station at a sales price of $303 per board. The cost to Bates is $158 per board. The terms of the sale are 5/15, n/30, with an invoice date of March 1. If the customer made the payment on March 20, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places.
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 1EA: On March 1, Bates Board Shop sells 300 surfboards to a local lifeguard station at a sales price of...
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On March 1, Bates Board Shop sells 351 surfboards to a local lifeguard station at a sales price of $303 per board. The cost to Bates is $158 per board. The terms of the sale are 5/15, n/30, with an invoice date of March 1.
If the customer made the payment on March 20, how much cash did Bates Board Shop receive? Round to the nearest penny, two decimal places.
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