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Anticipation: Be sure to pay attention to the days ( discount & net ) within the terms. When entering dates, state as: Month Day (
Anticipation:
Be sure to pay attention to the days discount & net within the terms. When entering dates, state as: Month Day eg January Do NOT abbreviate the month.
Be sure to enter a $ sign and show two decimal places.
The Tiger Apparel Store received a shipment of vintage AU jackets costing $ The invoice:
Had the terms of
Was dated July
Showed that anticipation was granted at an annual interest rate of and
Was paid on July
A What was the last day to take advantage of the cash discount?
B What is the Number of ANT Days?
C What is the $ANT?
D What was the amount paid to the vendor?
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