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(Solved): Calculate the Last Day of Discount Period and End of Credit Period based on the information given ...
Calculate the Last Day of Discount Period and End of Credit Period based on the information given below. Date of Invoie Date Goods received Terms Last Day of Discount Period End of Credit Period 3/10, n/30 Sep 05 May 4 April 26 3/10. EOM 3/10, EOM Jan 1 Mar 03 3/10, n/30, ROG
Expert Answer
Here is your answer- Date of invoice Date goods received Terms Last day of discount period End of credit period Sep 05 3/10,n/30 September 15 October 5 May 04 3/10,EOM May 14 May 31 April 26 3/10,EOM May 06 May 31 Jan 1 Mar 03 3/10,n/30,ROG January 1