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.
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).
