Explanation Given Information: The date of invoice is February 22 and the term of sale is 4 / 20 , 60 E x t r a . Calculation: Consider date of invoice is February 22 and the term of sale is 4 / 20 , 60 E x t r a . The terms of sale 4 / 20 , 60 E x t r a gives the retailer 80 days ( 20 + 60 ) after the date of invoice. The discount date is computed through Extra Dating means that extra date will be added to cash discount date

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 15TIE

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To calculate: The discount date and net date if date of invoice is February 22 and the term of sale is 4/20,60Extra.

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Chapter 7.IV, Problem 14TIE

Chapter 7.IV, Problem 1RE

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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 date of invoice is February 22 and the term of sale is 4 / 20 , 60 E x t r a .

Solution Summary: The author calculates the discount date and net date if the invoice is May 13 and the term of sale 4/20,60Extra.

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To calculate: The discount date and net date if date of invoice is February 22 and the term of sale is 4/20,60Extra.

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Chapter 7 Solutions