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shaee246
shaee246 shaee246
  • 15-01-2016
  • Business
Answered

A company makes a purchase for which the invoice is dated may 3 and shows terms of 3/10 1/20 n/45. what isthe last date by which the company can pay the invoice and receive any cash discount at all?

Verified Answer :

briana33025 briana33025
  • 15-01-2016

the answer is may 23 because They will receive a 3% discount if paid within 10 days, and a 1% discount if paid within 20 days. 

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