An invoice for $13,600 dated May 18 has terms 2/10, ROG. The goods were shipped on May
Question:
a. When does the discount period end?
b. When does the credit period end?
c. What payment on May 30 will reduce the outstanding balance by $5000?
d. Instead of the payment in Part(c),$5000ispaidonMay30.Whatwillbethe balance owed?
e. Instead of the payment in Parts (c) and (d), what payment on June 5 will reduce the outstanding balance to $5000?
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a b C May 28 10 days June 7 June 7 20 days June 2...View the full answer
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