Appliances received an invoice dated January 14th with terms 2/10 E.O.M. for the items listed below.

4 refrigerators at $950 each less 20% and 4%

3 dishwashers at $719 each less 16 1/3%, 12.3%, and 3%

(a) What is the last day for taking the cash discount?

(b) What is the amount due if the invoice is paid on the last day for taking the discount?

(c) What is the amount of the cash discount if a partial payment is made such that a balance of $1,500 remains outstanding on the invoice?

Answer rating: 100% (QA)

210 EOM payment terms means to convey that the buyer may deduct a 2 cash discount on the condition o... View the full answer