Solved

An Invoice Dated October 16 Has Payment Terms of 2/20

Question 5

Multiple Choice

An invoice dated October 16 has payment terms of 2/20, n/45. On what date would the cash discount expire?

A) October 26
B) November 30
C) November 5
D) October 18
E) December 7

Related Questions

Q1: The list price of a garden tractor

Q2: An invoice for $6,000 dated September 1

Q3: A product costing $350, less 30%, 20%,

Q4: An invoice for $9,000 dated September 1

Q6: Pari Corporation purchases crystal vases for resale.

Q7: Determine the payment required to settle the

Q8: The Cell Kios buys Android smartphones at

Q9: An invoice for $8,000 dated September 1

Q10: Sally sent a cheque for $8,000 on

Q11: An invoice for $50,000 dated March 15