5. An invoice for $3,290, dated April 26th, covering merchandise received May19th, carries terms of 8/10 EOM, ROG. It is paid on June 10. (pretend that all months have 30 days, for simplicity)

(a.) How much should have been remitted? Answer: $3,026.80

6.Goods that are invoiced on July 26 are received on August 10. Indicate the final discount date for net payment and the final date for net payment if terms are: (pretend that all months have 30 days, for simplicity)

Answers:

Final Discount Date,Net Payment Date

(a.) 3/10 EOM=Sept. 10,Sept. 30

(b.) 2/10, net 30=Aug. 6,Aug. 26

(c.) 1/20-30X=Sept. 16,Oct. 6

(d.) 8/10 EOM as of Sept. 1=Oct. 10,Oct. 30

(e.) 8/10 EOM, ROG=Sept. 10,Sept. 30

I have all the answers provided, just looking for help on the work please! Thank you.