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Determine the discount, due date, amount of discount, and net cost for each problem: Note: The due date is 20 days after the discount date.
Determine the discount, due date, amount of discount, and net cost for each problem: Note: The due date is 20 days after the discount date. a. 4 points Invoice Date July 16 Terms 3/15 EOM Date Goods Received Discount Date Due Date Date Invoice was paid August 19 List Price $211.49 Amount of Discount Net Cost b. 4 points Invoice Date March 22 Terms 4/10 ROG Date Goods Received March 28 Discount Date Net Payment Date Date Invoice was paid April 3 List Price $421.38 Amount of Discount Net Cost Remember that the net payment date is always 20 days after the discount date. If the day on the invoice date is greater than 25, then you must use the month after the following month for EOM. Versi
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