finance
posted by james .
The Ault Company made a credit sale of $15,000. The invoice was sent today with the terms, 3/15 net 60. This customer normally pays at the net date. If your opportunity cost of funds is 9% the expected payment is worth how much today?

15000
Respond to this Question
Similar Questions

accounting
The lag between purchase date and the date at which payment is due is known as the "terms lag". The lag between the due date and the date on which the buyer actually pays is termed the "due lag", and the lag between the purchase and … 
accounting
Y company offers its customers credit of 2/10,n 30. Most customers take advantage of the cash discount, mailing their payment to arrive on the 10th day following the date of the invoice. However X comany, Y largest customer, has recently … 
Math
(Mix and Match) Instructions: choose an item from (a), (b), (c), (d) or (e) that best matches the given problem. Enter your response in the space provided. (a) single equivalent discount (b) amount of discount (c) 3 / 10 , n / 30 (d) … 
Mathematics
An invoice is dated January 24 with terms 2/10 – 20x. Find the final discount date and the net payment date. The net payment date is 20 days after the final discount date. The final discount date is 2/23. The net payment date is … 
Math
Ned's Sheds purchase building materials from Timbertowm Lumber for $3,700 with terms of 4/15, n/30. The invoice is dated October 17. Ned's decides send in a $2,000 partial payment. Question 1: What is the net date? 
math
City Cellular purchased $28,900 in cell phones on April 25. The terms of sale were 4/20, 3/30, n/60. Freight terms were F.O.B. destination. Returned goods amounted to $650. a. What is the net amount due if City Cellular sends the manufacturer … 
FINANCE
Many creditors of your firm offer early payment discounts. The accounts payable supervisor does not believe in paying early “as the bank overdraft rate of j12 = 8% pa is more than the average 2% offered for payment within 10 days … 
Business Math
Using the dating method, calculate the discount date and the net date. Unless otherwise specified, the net date is 20 days after the discount date: The date of invoice is April 6th, Terms of sale is 2/10, EOM. What is the Discount … 
accounting
A company purchased merchandise inventory at a cost of $8,500 with credit terms 2/10, net 60. If the company borrows $8,330 to pay for the purchase on the last day of the discount period and pays the loan plus interest in the amount … 
Business math
An invoice is dated January 25 with terms 2/10 20x. Find the final discount date and the net payment date. The net payment date is 20 days after the final discount date.