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The invoice date is May 1. The terms are 8/10, n/30. What is the cash discount being offered? What is the last day to take the discount? A. 10%; June 1 B. 8%; May 11 C. 2%; April 30 D. 18%; May 30
The answer is b. 8%; May 11
Expert answered|xoxoness235|Points 0|
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Asked 3/21/2011 9:00:30 AM
Updated 97 days ago|8/25/2022 1:09:45 PM
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n/30 the net amount is due within 30 days after the sales invoice date.
So the last day to pay the invoice is
May 31 st
Added 97 days ago|8/25/2022 1:09:45 PM
This answer has been confirmed as correct and helpful.
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