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Finney & Company purchased $1,800 of merchandise on May 6. The terms were 2/15 EOM. The sneakers were received on May 20, sent F.O.B. shipping

Finney & Company purchased $1,800 of merchandise on May 6. The terms were 2/15 EOM. The sneakers were received on May 20, sent F.O.B. shipping point. Freight charges amounted to $45.

a. What is the discount date?

b. What payment must be made by that date to take advantage of the discount?

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