Calculator Jacob Co. sells merchandise on credit to Isaiah Co. in the amount of

Question

Calculator Jacob Co. sells merchandise on credit to Isaiah Co. in the amount of $9,700. The invoice is dated on May 1 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount? a. $97, May 15 b. $194, May 16 c. $97, May 16 d. $194, May 15 Calculator Jacob Co. sells merchandise on credit to Isaiah Co. in the amount of $9,700. The invoice is dated on May 1 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount? a. $97, May 15 b. $194, May 16 c. $97, May 16 d. $194, May 15 Calculator Jacob Co. sells merchandise on credit to Isaiah Co. in the amount of $9,700. The invoice is dated on May 1 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount? a. $97, May 15 b. $194, May 16 c. $97, May 16 d. $194, May 15

Explanation / Answer

if isaiah co. want to take advantage of discount then it should take it in 15 days that is add 15 days to may 1 and we will get the date may16.

ans. is 97 may, 16

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