19. a.) The invoice is dated March 7th, and the delivery is March 12th. Terms on...

19.

a.) The invoice is dated March 7th, and the delivery is March 12th. Terms on the purchase order are 8/10 n/30 EOM. What is the last day the buyer can pay the bill and still receive a discount?

b.) An invoice is dated May 12th, and merchandise is delivered to the store on May 25th. For each of the following terms, determine the dates, using a 30-day business calendar.

LAST DAY FOR DISCOUNT

3/10 net 30. ________

2/10-30X. ________

3/15, n/60 ROG ________

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Expert Solution

ekkarill92 answered 11 months ago

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