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X 7.4.23 Skill Builder Question Help The Coffee Corner receives an invoice amounting to $535.40 with terms of 5/6, net 37. ThThe balance due on the invoice is _____

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Solution:

Credit for the partial payment = Payment amount / (1-discount rate) = $460.40 / (1-0.05) = $484.63

Balance due on the invoice = $535.40 - $484.63 = $50.77

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