What is the amount of the discount and up to what date must, Ask an Expert

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Apple Co. sells merchandise on credit to Zea Co. in the amount of $8,000. 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?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9415225

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