Luggage World buys briefcases. The terms of sale are 4/10 EOM. (a) What is the

Mathematics
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Luggage World buys briefcases. The terms of sale are 4/10 EOM. (a) What is the discount date if the invoice is dated Oct 16th? (5 points) (b) What is the discount date if the invoice is dated Oct 26th?

Jun 6th, 2015

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discounted to a sale price in response to competitors' prices or other  if trade discounts are offered within the supply chain, as well as how to calculate the  payment terms shift the invoice date to the last day of the month, so that a discount-  invoices are for $645 dated September 30, $706 dated October 26, and $586 dated.

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Jun 6th, 2015

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Jun 6th, 2015
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