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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
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Your original purchase price was $950.00 plus 5% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the interest is
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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? Question 2:If
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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
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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.
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Consider following situation.. You are going to buy this laptop at $1294.00 plus HST. You can also pay $50 a month for 30 months with down payment of $100. Compare following 3 scenarios using spreadsheets to calcuate how much you
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