Using the Dating Method, Calculate the Discount Date and the Net

question 95

Short Answer

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: $$\begin{array} { l l l l } \text { Date of Invoice } & \text { Terms of Sale } & \text { Discount Date } & \text { Net Date } \\\text {December 10} & 2 / 10 , \mathrm{n} / 30 \end{array}$$

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Definitions:

Personal Selling

A direct marketing approach where sales representatives personally engage with potential customers to demonstrate and persuade the purchase of products or services.

Marketing Effort

The total activities undertaken by a company to promote the buying or selling of a product or service.

Salesforce Automation

The use of software to automate business tasks of sales, including order processing, contact management, inventory monitoring, and sales forecast analyses.

Sales Function

The set of activities and processes involved in promoting and selling goods or services to customers, aiming to achieve revenue and business goals.