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MatroZZZ [7]
3 years ago
10

Jacob Co. sells merchandise on credit to Isaiah Co. for $8,600. The invoice is dated on May 1 with terms of 1/15, net 45. What i

s the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount?
Business
1 answer:
Kryger [21]3 years ago
4 0

Answer:

The discount is for $86

It will be available until May 16th

Explanation:

the credit terms are 1/15, net 45

the first numebr is the discount amount, 1%

the second number is the days after billing this discount option is active, 15

net 45 means the customer can pay the nominal 8,600 within a 45 days period. After that it should renegociate the bill

The discount will be 8,600 x 1% = 8,600 x 0.01 = 86

It will be available up to 15 days after billing:

May 1st + 15 days = May 16th

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The science of it is related to the psychology of what makes people laugh.

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Another paradigm to the art of comedy is that, it has to be very witty. Wit many times may come with an element of suprise... a new angle that was previously "unthought" of.

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