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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 81
Answer the following questions based on the Leisure Time Industries invoice on the following page.
Lazy Days Laundry receives an invoice for detergent. The invoice is dated April 9 with terms of 3/15, n/30.
a. What is the discount date?
b. What is the net date?
c. If the invoice terms are changed to 3/15 EOM, what is the new discount date?
d. What is the new net date?
Lazy Days Laundry receives an invoice for detergent. The invoice is dated April 9 with terms of 3/15, n/30.
a. What is the discount date?
b. What is the net date?
c. If the invoice terms are changed to 3/15 EOM, what is the new discount date?
d. What is the new net date?
Explanation
Verified
Verified
a.
The Discount date is calculated by ad...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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