Thursday, December 15, 2011

An invoice for $600 is dated August 24 and carries sales terms of 1/15, n/30. The amount which should be remit

$600 plus any late fees they may have added in the last 90 days.|||If you pay within the discount period which is 15 days from the date of invoice, the amount you should remit is $594. If you miss this discount period then you should pay the full amount of $600.

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