On oct 18, an invoice dated October 18 for £4250 less 15% , 17% terms 5/10, n/30 was received by Johns Distributors. What is the last day of discount? What is the amount due if the invoice is paid in full within the discount period?
On oct 18, an invoice dated October 18 for £4250 less 15% , 17% terms 5/10, n/30 was received by Johns Distributors. What is the last day of discount? What is the amount due if the invoice is paid in full within the discount period?
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 17P
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On oct 18, an invoice dated October 18 for £4250 less 15% , 17% terms 5/10, n/30 was received by Johns Distributors.
What is the last day of discount?
What is the amount due if the invoice is paid in full within the discount period?
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