Question

This is part of an invoice that Sharon Niles received for a shipment of items. What is the last day Sharon can take advantage of the EOM discount?

A. April 18, 2012

B. May 10, 2012

C. May 8, 2012

D. April 30, 2012

Answer 1

assuming 7/10 eom means 7 - 10 days after, your answer would be A. April 18th, 2012.

Answer 2

Option A. April 18,2012.

Explanation:

This invoice of stationary is dated 8 April 2012, and terms written on it 7/10 EOM.

It means 7% discount of the payment within 10 days or full payment at the End of the Month (EOM)

Therefore, the last day Sharon can take advantage is 10 days after the date of invoice.

Date of invoice = April 8, 2012

after 10 days = April 18, 2012

Option A. is the correct answer.