Explanation Given Information: It is given that Great Impressions Printing buys ink and paper from a supplier on is June 11 , terms of sale are 4 / 10 and n / 60 . Formula used: The formula for discount date is computed by adding the number of days in the discount period to the date of invoice. The formula for net date is computed by adding the number of days in the credit period to the invoice date. Calculation: Consider that the date of invoice is June 11 , terms of sale is 4 % of cash discount is offered if the invoice is paid within 10 days and n of cash discount is offered if the invoice is paid within 60 days. Compute the discount date by taking the discount date period starts on June 11 as, Discount date = June 11 + 10 days = June 2 1 Hence, the discount date is June 2 1

Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

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Chapter 7.IV, Problem 12TIE

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To calculate: The discount date and net date if Great Impressions Printing buys ink and paper from a supplier on June 11, terms of sale are 4/10 and n/60.

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Chapter 7.IV, Problem 11TIE

Chapter 7.IV, Problem 13TIE

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Chapter 7 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 7.I - From the following FotoFair invoice, identify the...Ch. 7.I - Prob. 2TIE Ch. 7.I - What word is represented by each of the following...Ch. 7.I - Prob. 2RE Ch. 7.I - What word is represented by each of the following...Ch. 7.I - Prob. 4RE Ch. 7.I - Prob. 5RE Ch. 7.I - Prob. 6RE Ch. 7.I - Prob. 7RE Ch. 7.I - Prob. 8RE

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The discount date and net date if Great Impressions Printing buys ink and paper from a supplier on June 11 , terms of sale are 4 / 10 and n / 60 .

Solution Summary: The author calculates the discount date and net date if Great Impressions Printing buys ink and paper from a supplier on June11, terms of sale are 4/10 and

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To calculate: The discount date and net date if Great Impressions Printing buys ink and paper from a supplier on June 11, terms of sale are 4/10 and n/60.

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Chapter 7 Solutions