Eli Company sells novelty items and offers terms of 1/10, n/30 to credit customers. One...
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Eli Company sells novelty items and offers terms of 1/10, n/30 to credit customers. One customer, Faulkner, Inc., purchased 100 Sweet-16 party decor packs with a list price of $20 each on March 5, 2013. Refer to the information provided for Eli Company. If the customer pays the amount of the invoice for its purchase on March 14, 2013, how much cash will Eli Company receive?
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