Isaac Co. sells merchandise on credit to Sonar Co in the amount of $9,600. The invoice is dated on April 15 with terms of 1/15, net 45. If Sonar Co. chooses not to take the discount, by when should the payment be made?

Question

Quizplus · Accepted Answer

The payment should be made within 45 days from the date of the invoice, which is May 30. Choosing not to take the discount means that Sonar Co. will pay the full amount of $9,600. Therefore, the payment should be made by May 30.

Isaac Co Sells Merchandise on Credit to Sonar Co in the the Amount