Question 7.4.5: An invoice for several drones is dated November 23 with term......

Business Mathematics [1175844]

An invoice for several drones is dated November 23 with terms of 2 / 10-50 ex. Find (a) the final date on which the cash discount may be taken and (b) the net payment date.

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(a) The discount date is January 22 (7 days remaining in November + 31 days in December = 38; thus, 22 more days are needed in January to total 60).

(b) The net payment date is February 11 (20 days after the last discount date).

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