(Answered) Stacys dress shop received a 1080 invoice dated july 11

Management Studies

Stacy's Dress Shop received a $1,080 invoice dated July 11 with 5/10, 4/15, n/60 terms. On July 25, Stacy's sent a $245 partial payment. (If more than one discount, assume date of last discount)

a. What credit should Stacy's receive? (Round your answer to the nearest cent.)

Credit $

b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.)

Outstanding balance

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