The invoice date is August 1st. The terms are 5/10 EOM. By when must the invoice be paid?
A) September 30
B) September 10
C) AUgust 11
D) August 31
Question #2
The net price of goods from Southern Flooring to Jerry’s Carpet Outlet is $34,500. The terms are 8/10 EOM. The date of the invoice is October 5th. If the invoice is paid on October 15, what is the cash price?
Question #3
The net price of goods from Evelyn’s Hair Care Products to the Springtime Boutique is $3,576.90. The terms are 3/10, n/30. The date of the invoice is January 1. The date paid is January 8. What is the cash price?
