Question 7.4.4: Find the amount due on a FedEx invoice for $285 with terms o......

The last date to take the 3% cash discount is June 28, 10 days after June 18. Since the invoice is paid on June 30, 2 days after the last discount date, no cash discount may be taken. The entire amount of the invoice must be paid.

\begin{matrix} \ \ \ \ \ \ \$285 & invoice\ amount \ \ \ \ \ \\ \ \ \ \underline{\mathbf{-\ \ \ \ \ 0}} & \mathbf{no\ cash\ discount}\\ \ \ \ \ \ \ \$285& amount\ due\ \ \ \ \ \ \ \ \ \ \ \end{matrix}