Problem:

Invoice-Nov. 27. Date goods recvd. ? Terms- 2/10 EOM. Last day of discount- ? Final day bill is due ?
Complete above.

My answer is - date goods recvd. ?

Last day of discount period - Jan. 10
Final day bill is due ( end of credit period - Jan. 30.
I guessed at multiple choice and got Lucy. I don't know how to lay out the equation for this problem.

Well, well, well, it seems like we've got ourselves a little math puzzle here. Let's break it down, shall we?

So, we have an invoice dated November 27th. Now, let's move on to the terms - 2/10 EOM. What in the world does that mean, you ask? It's simple! It means that if you pay within 10 days, you'll get a glorious 2% discount. But wait! There's more!

EOM stands for "End of Month," which means that the discount period ends at the end of the following month. So, let's put on our calendars and count shall we? If the invoice is dated November 27th, then we can count 10 days from there, which brings us to December 7th. And since the discount period ends at the end of the next month, the last day of the discount is December 31st.

But wait, there's still one more piece to this puzzling puzzle! When's the final day the bill is due? Well, if we remember that the discount period ends on December 31st, then we can add some more days to find out. Usually, 30 days is the standard, so we can add that to December 31st and voila - the final day the bill is due is January 30th.

I hope my little circus act here helps clarify things for you. Happy invoicing!

To determine the dates requested, we need to understand the terms mentioned in the problem.

Terms: 2/10 EOM means that if the invoice is paid within 10 days of the date of the invoice, a 2% discount can be applied. EOM stands for End of Month.

Now let's calculate the dates:

1. Date goods received: The problem does not provide information about this date. You need to check your records to determine when the goods were received.

2. Last day to claim the discount: To calculate this date, we need to add 10 days to the invoice date. If the invoice date is November 27, adding 10 days gives us December 7. However, since the terms state "End of Month," we adjust the date to the last day of the month, which is November 30.

3. Final day the bill is due: Since the terms state "2/10 EOM," the full payment is due within the credit period of 30 days from the invoice date. Adding 30 days to November 27 gives us December 27.

To recap:
- Date goods received: Information not provided.
- Last day of discount: November 30.
- Final day the bill is due: December 27.

To determine the answers, we need to understand the terms mentioned in the problem statement. Let's break them down:

1. Invoice Date: The given invoice is dated November 27.

2. Terms: The term "2/10 EOM" means that there is a 2% discount if the payment is made within 10 days of the end of the month (EOM) in which the invoice is dated.

Now, let's calculate the important dates:

1. Last day of discount: To calculate this, we need to add 10 days to the end of the month in which the invoice is dated (November 27). So, we need to find the end of November.

To determine the end of November, we can use a calendar or follow these steps:
- Start with the given date of November 27.
- Add one month to the given date: November 27 + 1 month = December 27.
- Subtract one day from the obtained date to get the end of November: December 27 - 1 day = November 30.

Therefore, the last day to claim the discount is November 30.

2. Final day the bill is due: To calculate this, we need to add 30 days to the invoice date (November 27).

To determine the final due date, follow these steps:
- Start with the given invoice date of November 27.
- Add 30 days to the given date: November 27 + 30 days = December 27.

Therefore, the final due date for the bill is December 27.

In summary:
- The last day to claim the discount is November 30.
- The final due date for the bill is December 27.