An invoice is dated October 22 with terms of 4/18 EOM. Assuming the net date is 20 days after the discount date, find the following. (a) What is the discount date? ---Select--- (b) What is the net date? ---Select---

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
Section: Chapter Questions
Problem 2Q
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An invoice is dated October 22 with terms of 4/18 EOM. Assuming the net date is 20 days after the discount date, find the following.
(a) What is the discount date?
---Select---
(b) What is the net date?
---Select---
Transcribed Image Text:An invoice is dated October 22 with terms of 4/18 EOM. Assuming the net date is 20 days after the discount date, find the following. (a) What is the discount date? ---Select--- (b) What is the net date? ---Select---
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