This question is for business math. Complete the following (If more than one discount, assume date of last discount) (Assuming February will have 28 days.) Invoice:               Terms:                       Last day of discount period: August 10th        2/10, 1/30, n/60       Final day bill is due:     I need the last day of discount period and the final day the bill is due but I dont know how to figure it out. Please explain this to me. I also dont know where the n/60 comes from, can you explain that when you explain how to do the problem?

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 3A
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This question is for business math.

Complete the following (If more than one discount, assume date of last discount) (Assuming February will have 28 days.)

Invoice:               Terms:                       Last day of discount period:

August 10th        2/10, 1/30, n/60    

 

Final day bill is due:

 

 

I need the last day of discount period and the final day the bill is due but I dont know how to figure it out. Please explain this to me. I also dont know where the n/60 comes from, can you explain that when you explain how to do the problem?

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