Question 8 of 9Identify the last date of the discount period and the credit period for the payment terms with R.O.G. dating in thefollowing questions.Invoice Date: April 22, 2021Payment Terms: 2/7, n/30, R.O.GDate of Goods Were Received (R.O.G.): May 10, 2021a. What is the last date of discount period?May 20, 2021May 20, 2021June 2, 2021June 2, 2021May 17, 2021May 17, 2021b. What is the last date of credit period?June 9, 2021June 9, 2021June 1. 2021June 1, 2021June 6, 2021June 6, 2021Invoice Date: August 21, 2021Payment Terms: 1.50/10, n/45, R.O.GDate of Goods Were Received (R.O.G.): August 23, 2021c. What is the last date of discount period?September 2, 2021September 2, 2021September 7, 2021September 7, 2021September 6, 2021September 6, 2021d. What is the last date of credit period?October 14, 2021October 14, 2021October 7, 2021October 7, 2021September 22, 2021September 22, 2021

2/10 net 30 means 2% discount will be there if payment is made with in 10 days and no discount after…

Answered: Question 8 of 9 Identify the last date…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 2Q

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Similar questions

K An invoice is dated June 18 with terms 3/10-50 ex. Find the final discount date and the net payment date. The net payment date is 20 days after the final discount date. The final discount date is The net payment date is June July ▼ ▼ CHE
7. Complete the table. Invoice Terms Last Date Last Date Date Net Price Complement Cash Price Date to Take to Pay Paid of Discount Invoice cash-discount rate Аpril 18 April 6 5/15, n/30 $109.82
How do you find the date goods received, last day of the discount period, and end of credit period when the invoice date is April 10 and the terms are 2/10, 1/30, and n/60?
The invoice date for a bill is April 14 with the terms 2/15 ROG. If the goods were received on June 3, determine the discount date and due date. A. July 18 and May 25 B.June 18 and July 8 C.April 29 and May 19 D.June 8 and July 18
Complete the following: (Use Table 7.1) Invoice Date goods are received Terms Last day of discount period Final day bill is due (end of credit period) June 18 1/10, n/30
Find the (a) final discount date and the (b) net payment date. Then solve for (c) the amount of discount and (d) the total amount due on each of the following invoices. Add shipping and insurance charges if necessary.
How do you find the date goods are received, last day of discount, and end of credit period when the invoice is November 27 and the terms are 2/10 EOM?
12. Solve for the amount of discount and amount due. Invoice amt: $ 314.88 Invoice date: Sept 17 Terms: 4/ 11 EOM Goods rec'd: Sept 20 Date paid: Oct 9
In credit terms of 3/15, n/45, the "3" represents the Oa. full amount of the invoice Ob. number of days in the discount period Oc. number of days when the entire amount is due Od. percent of the available discount for early payment 4
2.) Complete the following: Invoice Date goods Date Received a.) Dec 25 b.) April 18 c.) July 9 Nov. 29 d.) April 28 Last day End of Terms of discount 1/10,n30 2/10, n30 EOM 3/10,n/30 ROG 2/10, n30 EOM credit period.
need help finding the net payment and credit towards account still due invoice amount= $538.42 date of invoice= April 23 Date of payment= May 14 credit terms= 3/10,1/15, n/30 E.O.M Net price= ?
In the credit terms 1/10, n/30, what does the "1" represent? Group of answer choices number of days when the entire amount is due number of days in the discount period full amount of the invoice 1% cash discount if paid within the credit period

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