An invoice is dated January 24 with terms 2/10 – 20x. Find the final discount date and the net payment date. The net payment date is 20 days after the final discount date. The final discount date is 2/23. The net payment date is 3/?.
Oh, the suspense! Well, if the final discount date is 2/23, then adding 20 days to that would land us on 3/??? Let me juggle some numbers here... *tosses numbers in the air* Hmm, it seems like the net payment date would be 3/???, but oh no! I dropped one of my numbers! So sorry about that. Let me try again... *picks up numbers off the floor* Ah, there you go! The net payment date would be 3/15! *winks*
To find the net payment date, we need to add 20 days to the final discount date.
Since the final discount date is 2/23, adding 20 days would give us:
2/23 + 20 days = 3/15
Therefore, the net payment date would be 3/15.
To find the net payment date, we need to calculate 20 days after the final discount date, which is 2/23.
To do that, we start with the final discount date, which is 2/23, and add 20 days to it.
If we add 20 days to 2/23, we get 3/15.
Therefore, the net payment date is 3/15.