Sierra Stone Ltd. received an invoice dated January 16 with terms 2/15, n/30. The amount stated...

 

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Sierra Stone Ltd. received an invoice dated January 16 with terms 2/15, n/30. The amount stated on the invoice was $2702.00. (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? (a) The last day to take the cash discount is (b) The amount due is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) Sierra Stone Ltd. received an invoice dated January 16 with terms 2/15, n/30. The amount stated on the invoice was $2702.00. (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? (a) The last day to take the cash discount is (b) The amount due is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

Answer rating: 100% (QA)

Answer a To determine the last day for taking the cash discount we need to consider the terms stated ... View the full answer