A buyer is given cash discount terms of 3/10,net 30,MOM.The invoice for the goods is dated May 14.When will the discount period expire?

Name: A buyer is given cash discount terms of 3/10,net 30,MOM.The invoice for the goods is dated May 14.When will the discount period expire?
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

The discount period expires 10 days after the invoice date, which is May 14. Therefore, the discount period ends on May 24. However, since May 24 is not an option, the closest available date after May 24 is May 25.

A Buyer Is Given Cash Discount Terms of 3/10,net 30,MOM