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A company purchased $3,200 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $350 worth of merchandise. On July 14, it paid the full amount due. The amount of the cash paid on July 14 equals:
a) $350.
b) $2,822.
c) $2,850.
d) $2,818.
e) $3,200.
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Find the true statement
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List some of the important characteristics of bank foreign exchange services that MNCs should consider.
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During the 1990s, Mexico and Argentina went from economic pariahs with huge foreign debts to countries posting strong economic growth and welcoming foreign investment. What would you expect these changes to do to their current-account balances?
Compute the discount rate. (Do not round intermediate calculations. Input your answer as a percent rounded up to the nearest whole percent.)
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