Explanation Given Information: The date of invoice is October 11 and shipment arrives on December 29 and terms of sale is 2 % of cash discount is offered if the invoice is paid within 20 days. Formula used: The discount date is computed through ROG (receipt of goods dating) means that the terms of sale start at the day goods are received. The net date is computed through ROG (receipt of goods dating) means adding 20 days after the discount date. Calculation: Consider that the date of invoice is October 11 and shipment arrives on December 29 and terms of sale is 2 % of cash discount is offered if the invoice is paid within 20 days

Contemporary Mathematics for Business and Consumers

7th Edition

ISBN: 9781285189758

Author: Robert Brechner, George Bergeman

Publisher: Cengage Learning

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Chapter 7.IV, Problem 14TIE

To determine

To calculate: The discount date and net date if date of invoice is October 11 and shipment arrives on December 29 and terms of sale is 2% of cash discount is offered if the invoice is paid within 20 days.

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Chapter 7.IV, Problem 13TIE

Chapter 7.IV, Problem 15TIE

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Chapter 7 Solutions

Contemporary Mathematics for Business and Consumers

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The discount date and net date if date of invoice is October 11 and shipment arrives on December 29 and terms of sale is 2 % of cash discount is offered if the invoice is paid within 20 days.

Solution Summary: The author calculates the discount date and net date if invoice is October11 and shipment arrives on

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To calculate: The discount date and net date if date of invoice is October 11 and shipment arrives on December 29 and terms of sale is 2% of cash discount is offered if the invoice is paid within 20 days.

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Chapter 7 Solutions