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A distributor has received an invoice of $13,190 dated April 12, terms 6/20, n/30 EOM, for a

shipment of coffee makers that arrived on May 25.

a) What is the last day for taking the cash discount?

b) How much is to be paid if the discount is taken? $

Respuesta :

abiolataiwo2015

The  last day for taking the cash discount is May 5  and discount is taken is: $12,398.6.

Cash discount

Since the invoice was dated April 12, the last day for taking the cash discount is May 5.

Cash discount

Using this formula

Amount paid =Invoice amount × (1-rate)

Let plug in the formula

Amount paid=$13,190 ×(1-6%)

Amount paid=$13,190×0.94

Amount paid=$12,398.6

Therefore the  last day for taking the cash discount is May 5 and the amount to be paid is: $12,398.6.

Learn more about cash discount here:https://brainly.com/question/14883253

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