what payment should be made on an invoice in the amount of $3,400 dated August 7 if the terms of sale are 3/15,2/30,n/45 and the bill is paid on.
August 19?
September 3?

Question

what payment should be made on an invoice in the amount of $3,400 dated August 7 if the terms of sale are 3/15,2/30,n/45 and the bill is paid on.
August 19?
September 3?

tkhunny · Answer

3/15 means a 3% discount if paid in 15 days.

2/30 means a 2% discount if paid in 30 days.

n/45 is your limit for DEMAND for payment.  This "n" does NOT mean the same as the 3 or 2 in the previous two items.

Go!