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Roswell Company purchases inventory from Clear Pool Supplies on June 1. The sales terms on the invoice from Clear Pool Supplies are 3/10, n/30.
Roswell Company purchases inventory from Clear Pool Supplies on June 1. The sales terms on the invoice from Clear Pool Supplies are 3/10, n/30. What does this mean? What is Roswell's potential savings, if any? How much time does the company have to take advantage of these savings? of the invoice date; otherwise, the full amount is due of the original invoice price. Roswell will need to pay 3/10, n/30 means that Roswell Company will get a the invoice within The potential savings i days of the original invoice 3% discount if they pay the invoice within 10 days 3% discount if they pay the invoice within 30 days 10% discount if they pay the invoice within 3 days
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