View the step-by-step solution to:

Question

Question in my practice sheet for a business course.

Sartorial Men's Wear receives a shipment of fall

fashions and an invoice for $8000 on September 1, with terms of 3/10, n/20


a) When will the store have to pay the invoice to get the discount?

b) How much will the discount be?


c) If Rita doesn't pay the invoice within the discount period, when does she need to pay it?


I don't know the answers, please help.

Top Answer

a) The store has 10 days to offset the full invoice amount day one being first of... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question