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

question 53

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: $$\begin{array} { l l l l } \text { Date of Invoice } & \text { Terms of Sale } & \text { Discount Date } & \text { Net Date } \\\text { June } 28 & 3 / 15 , \text { EOM }\end{array}$$

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Definitions:

Dichotomized Construct

A concept or variable that is divided into two distinct and mutually exclusive categories.

High-Risk

High-risk refers to a greater likelihood of experiencing negative consequences or danger, often used in contexts related to health, finance, and activities.

Construct System

A framework in psychology that refers to the collection of concepts and beliefs through which an individual perceives, interprets, and judges the world.

Choice Corollary

A concept in Kelly's personal construct theory which suggests that individuals anticipate future events and make choices based on how these events align with their personal constructs.