Find the final discount date and the net payment date.
-Invoice date: Nov 20
As of: Nov 27
Terms:
A)Final discount: Dec 5 Payment due: Dec 20
B)Final discount: Dec 27 Payment due: Dec 12
C)Final discount: Dec 12 Payment due: Dec 27
D)Final discount: Dec 13 Payment due: Dec 27

Question

Find the final discount date and the net payment date.
-Invoice date: Nov 20
As of: Nov 27
Terms: 
A)Final discount: Dec 5 Payment due: Dec 20 
B)Final discount: Dec 27 Payment due: Dec 12 
C)Final discount: Dec 12 Payment due: Dec 27 
D)Final discount: Dec 13 Payment due: Dec 27

Quizplus · Accepted Answer

The terms mean that the discount period ends on the 12th day of the following month, which is December 12th. The payment due date is the 27th day of the following month, which is December 27th.

Find the Final Discount Date and the Net Payment Date