An invoice dated January 22 has payment terms of 3/25, n/90. On what date would the cash discount expire?
A) February 1
B) February 16
C) February 28
D) March 3
E) April 22

Question

Quizplus · Accepted Answer

The cash discount period is 25 days from the invoice date, January 22. Adding 25 days to January 22 results in February 16 as the last day to take advantage of the cash discount.

An Invoice Dated January 22 Has Payment Terms of 3/25