Question: 6. a. Using the ordinary dating method, calculate the discount date and the net date for the transaction. Date of Invoice Terms of Sale Discount
6.
a. Using the ordinary dating method, calculate the discount date and the net date for the transaction.
| Date of Invoice | Terms of Sale | Discount Date(s) | Net Date |
|---|---|---|---|
| July 11 | 3/20, n/45 |
b. A retailer buys merchandise from a supplier with an invoice amount of $12,800. The terms of the sale are 6/20, n/30. What is the net amount due (in $) on the order if the bill is paid by the 20th day?
$ ____
c. A retailer purchases some merchandise with an invoice price of $19,100 and terms of sale of 5/15, n/45. What is the net amount due (in $) on the order if a partial payment of $10,800 is made on the 15th day? (Round your answer to the nearest cent.)
$______
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