An invoice dated March 6 with terms of 1/10, EOM results in the end of the discount period on
A. May 30.
B. April 10.
C. April 30.
D. May 31.
A is my answer
A. May 30? Oh dear, that's quite a wait! It's like waiting in line for the discount coupons that only come around once in a blue moon. But no worries, my friend, because the correct answer is actually C. April 30! You won't have to wait until May to grab that sweet discount. It'll be yours by the end of April. Happy shopping!
To determine the end of the discount period for the given invoice, we need to understand the terms mentioned. "1/10, EOM" means that if the invoice is paid within 10 days, a discount of 1% can be applied. The "EOM" stands for "end of the month."
To calculate the end of the discount period, we need to add 10 days to the invoice date and then find the last day of that month.
March 6 + 10 days = March 16
Now, we need to find the last day of the month for March. The last day of the month is March 31.
Therefore, the end of the discount period for the given invoice is March 31.
Based on this calculation, it seems that none of the options provided (A, B, C, D), match the correct answer.