Question: Santucci Appliances received an invoice dated August 1 1 with terms 2 / 1 0 E . O . M . for the items listed
Santucci Appliances received an invoice dated August with terms EOM for the items listed below.
refrigerators at $ each less and
dishwashers at $ each less and
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 $ remains outstanding on the invoice?
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