On July 1, the company receives an invoice for $800 with the terms 1/10, net 30. On July 15 , the payment should be
Question
Solution 1
The terms 1/10, net 30 mean that the company is offered a 1% discount if payment is made within 10 days (by July 11), but the full amount of the invoice is due within 30 days (by July 31).
If the company pays on July 15, they have missed the window for the 1% discount. Therefore, the payment shoul Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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