If vests costing $00 with terms 2/20, n/60 ROG were received by the company on April 12 with an invoice dated April 6. When is the last day the buyer still can get the cash discount? If the buyer decided to pay the bill on May 9, then how much would the cash discount be in dollars?

If vests costing $00 with terms 2/20, n/60 ROG were received by the company on April 12 with an invoice dated April 6. When is the last day the buyer still can get the cash discount? If the buyer decided to pay the bill on May 9, then how much would the cash discount be in dollars?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 17P

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If vests costing $00 with terms 2/20, n/60 ROG were received by the company on April 12 with an invoice dated April 6.

When is the last day the buyer still can get the cash discount?

If the buyer decided to pay the bill on May 9, then how much would the cash discount be in dollars?

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