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On June 24, a retailer received a purchase that amounted to a total list price of $16,000. This merchandise has a trade discount of 37.5%.
On June 24, a retailer received a purchase that amounted to a total list price of $16,000. This merchandise has a trade discount of 37.5%. The buyer wanted to negotiate with the supplier the last date possible to take a cash discount. The invoice on this purchase was dated on June 22. Determine the various cash payment dates for the buyer under the following purchase term:
2/10, n/30
2/10, n/30 ROG
2/10, n/30 EOM
2/10-60X, anticipation allowed
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