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Find the Discount Date and Net Payment Date

Question 37

Multiple Choice

Find the discount date and net payment date. (The net payment date is 20 days after the final discount date.)
-Invoice date: Aug 20
Terms: Find the discount date and net payment date. (The net payment date is 20 days after the final discount date.)  -Invoice date: Aug 20 Terms:   EOM A) Discount date: Sept 27; net payment date: Oct 17 B) Discount date: Sept 27; net payment date: Oct 27 C) Discount date: Sept 20; net payment date: Oct 10 D) Discount date: Sept 19; net payment date: Oct 9 EOM


A) Discount date: Sept 27; net payment date: Oct 17
B) Discount date: Sept 27; net payment date: Oct 27
C) Discount date: Sept 20; net payment date: Oct 10
D) Discount date: Sept 19; net payment date: Oct 9

Correct Answer:

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