Find the Discount Date and Net Payment Date

question 31

Multiple Choice

Find the discount date and net payment date. (The net payment date is 20 days after the final discount date.)
-Invoice date: Aug 8
Terms:
Goods received: Oct 10

• A)Discount date: Sept 15; net payment date: Oct 15
• B)Discount date: Oct 25; net payment date: Nov 14
• C)Discount date: Oct 25; net payment date: Nov 15
• D)Discount date: Oct 15; net payment date: Nov 15

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Definitions:

Erik Erikson's Theory

A psychoanalytic theory that describes eight stages of human development, each characterized by a specific psychological conflict that contributes to a person's growth.

Comfortable

A state of physical ease and freedom from pain or constraint, as well as providing a sense of psychological ease and contentment.

Age In Place

To remain in the same home and community in later life, adjusting but not leaving when health fades.

Pool Resources

The act of combining assets, funds, or talents of a group of people for a common purpose or benefit.