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25 June, 02:07

The invoice date is November 15. The terms are 4.5/10 EOM. What is the discount rate and the last day to pay in full?

A. 4.5%; November 25

B. 4.5%; December 30

C. 4%; December 25

D. 4.5%; December 20

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Answers (1)
  1. 25 June, 03:35
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    A. 4.5%; November 25

    Step-by-step explanation:

    4.5/10 EOM is a type of payment term you will see on an invoice. The 4.5 stands for discount percentage and the 10 is a number of days. 4.5/10 means the payment on the invoice is due in 10 days. EOM stands for end of the month. So if the amount is paid within 10 days, the customer gets a discount of 4.5%. Which means the last day to pay in full is November 25. After that there is no discount.
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