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Question:

Bally Manufacturing sent Intel Corporation an invoice for machinery with a $20,000 list price. Bally dated the?

Bally Manufacturing sent Intel Corporation an invoice for machinery with a $20,000 list price. Bally dated the invoice July 23 with 2/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on August 5.

Answer:

Yeah, so what's the question really? (You don't really state what you want answered). But anyways, Intel missed the 10 day discount period on the payment terms, so they can't take that. ------------------------ It's also hard to tell if the trade discount is already included in the invoice amount (which it should be).

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