Apple Co sells merchandise on credit to Zea Co in the amount of 8,000. The invoice is dated on September 15 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount? O a. 160, September 30 O b. 160, September 25 c. 80, September 30 d. 80, September 25

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Apple Co sells merchandise on credit
to Zea Co in the amount of 8,000. The
invoice is dated on September 15 with
terms of 1/15, net 45. What is the
amount of the discount and up to
what date must the invoice be paid in
order for the buyer to take advantage
of the discount?
a. 160, September 30
b. 160, September 25
O c. 80, September 30
d. 80, September 25
Transcribed Image Text:Apple Co sells merchandise on credit to Zea Co in the amount of 8,000. The invoice is dated on September 15 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount? a. 160, September 30 b. 160, September 25 O c. 80, September 30 d. 80, September 25
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