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May 23, 2015

Homework Help: math

Posted by Anonymous on Saturday, March 1, 2014 at 11:47pm.

Finney & Company purchased $1,800 of merchandise on 5/6. The terms were 2/15 EOM. The sneakers were received on 5/20, sent FOB Shipping Point. Freight charges amounted to $45.
a. What is the discount date?
b. What payment must be made by that date to take advantage of the discount?

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