Find the Discount Date, the Due Date, and the Complement

question 14

Short Answer

Find the discount date, the due date, and the complement rate. Use the complement method to find the remittance if the required remittance is paid within the discount period.Oceanview Market buys salami and other cured meats on terms of 2.5/10, net 30. An invoice for cured meats was dated July 26 and was for $697.16. On July 28 the deli returned $128.60 worth of the cured meats because they were not packaged properly.
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Definitions:

E-commerce Disputes

Conflicts or disagreements arising from transactions conducted over electronic systems, particularly the internet.

Arbitration

Arbitration is a method of dispute resolution where a neutral third party, known as an arbitrator, makes a decision to resolve a dispute outside of court.

Mediation

A type of intensive negotiation in which disputing parties select a neutral party to help facilitate communication and suggest ways for the parties to solve their dispute.

Early Neutral Case Evaluation

A dispute resolution process where a neutral party assesses the strengths and weaknesses of a case early in litigation to facilitate settlement.