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?
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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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