Kaden Co. sells merchandise on credit to Jase Co. for $9,600. The invoice is dated July 15 with terms of 1/15, net 45. If Jase Co. chooses not to take the discount, by when should the payment be made?

Question

Business

Gaven Hamilton

21 September, 04:28

Kaden Co. sells merchandise on credit to Jase Co. for $9,600. The invoice is dated July 15 with terms of 1/15, net 45. If Jase Co. chooses not to take the discount, by when should the payment be made?

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Answers (1)

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Gideon Everett · Answer 1

August 29

Explanation:

In the given question, the discount is not considered but the date is considered without discount.

Since the invoice date is July 15 and we add 45 days to it than it gives August 29 date.

As on July month = 16 days are left

If we subtract the 16 days with the 45 days then the balance show 29 which means 29 august.