Question: Question 3 0 Points: 1 Find the final discount date and the net payment date. Invoice date: June 1 4 As of: June 1 8

Question 30
Points: 1
Find the final discount date and the net payment date.
Invoice date: June 14
As of: June 18
Terms: 6/20, n/60
A.
Final discount: July 9| Payment due: Aug 18
B.
Final discount: July 8| Payment due: Aug 17
C.
Final discount: Aug 17| Payment due: July 8
D.
Final discount: July 4| Payment due: Aug 13

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The list price of a car is $8,950. It is available at either a 5/20/5 or a 30/30 discount. Which discount gives the lower price? By how much? Round to the nearest cent. O A. 30/30, $2,076.40 B....

Q:

Quantitative Methods (Business) 2. Find the final discount date and the net payment date. Invoice date: August 23 Terms: 5/15, net 30 A. Final discount: Aug 28 Payment due: Sept 7 B. Final discount:...

Q:

On a new oak bookcase with a list price of $435, a series discount of 10/10/5 is offered to wholesalers while a series discount of 30/15 is offered to retailers. a) What is the wholesalers price? b)...

Q:

Question 18 Find the final discount date and the net payment date. Invoice date: April 11 Terms: 4/10, net 30 Question 19

Q:

Find the final discount date and the net payment date. Invoice date: August 23 Terms: 5/15, net 30

Q:

Find the final discount date and the net payment date. Invoice date: August 23 Terms: 5/15, net 30

Q:

Find the final discount date and the net payment date. Invoice date: August 24 Terms: 4/15, net 30

Q:

1.Find the net cost equivalent for the following discount. 5/5/40/10 A. 0.51265 B. 0.48735 C. 0.70000 D. 0.30000 2. Find the net cost. Round to the nearest cent. $1216 less 10/40/20 A. $1146.00 B....

Q:

An invoice is dated June 5 with terms 5/10 EOM. Find the final discount date and the net payment date. The net payment date is 20 days after the final discount date. The month of the final discount...

Q:

Solve for the amount of discount and amount due. Invoice amt: $79.49 Invoice date: July 2 Terms: 2/10, net 30 Date paid: July 17 O A. Amount of discount: $15.90; amount due: $63.59 O B. Amount of...

Q:

Steam at 2.700 kPa and with a quality of 0.90 undergoes a reversible, adiabatic expansion in a non-flow process to 400 kPa. It is then healed at constant volume until it is saturated vapor. Determine...

Q:

Below is information for Suwadu Company that you'll use for the next questions; Date Activity Purchased $200,000 of Catco Company's 9% bonds at face value (doesn't plan to hold bonds for short-term...

Q:

The present value of the total costs over a five year period for Project April is $ 5 0 , 0 0 0 . The present value of total costs over the same 5 year period for Project October is $ 4 0 , 0 0 0 ....

Q:

Part Q - Display "Hello, World!" using one cout using a string literal. Part R - Display "She sells sea shells by the sea shore" with one cout, on one display line, written on one line of source...