Question
Levi Strauss, a manufacturer in Los Angeles, CA is shipping tee shirts to Macys in Miami, FL; FOB Los Angeles. The buyer ordered 600 tee
Levi Strauss, a manufacturer in Los Angeles, CA is shipping tee shirts to Macys in Miami, FL; FOB Los Angeles. The buyer ordered 600 tee shirts that had a line price (cost) of $14.50; but because Macys is such a large retailer with 900 stores, they were able to get a 22% quantity discount and a 6% seasonal discount from Levis. Levis also offered Macys this cash discount 3/20 ROG, net 30. Levis invoiced on April 3 and the shipping cost was $97.50. Macys received the goods on April 11. Macys paid the bill on April 28.
what is the discount date?
How much should macys remit?
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