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Orange CoSells Merchandise on Credit to Zea Co

Question 89

Multiple Choice

Orange Co.sells merchandise on credit to Zea Co.in the amount of $9,000.The invoice is dated on September 15 with terms of 1/15, net 45.What is 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?


A) $180, September 30
B) $180, September 25
C) $90, September 30
D) $90, September 25

Correct Answer:

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