an invoice dated november 8 in the amount of $4600 has terms of sale 4.5/20, n/30. what is the discount…

Explanation:

Step1: Identify discount - date meaning

The terms 4.5/20, n/30 mean a 4.5% discount if paid within 20 days and the net amount is due within 30 days. Starting from November 8, the discount date is 20 days later. November has 30 days. So, 8 + 20=28.

Step2: Calculate partial - payment credit

The partial payment of $1800 is made before the discount date. The credit amount is calculated as the amount of the partial payment divided by (1 - discount rate). The discount rate is 4.5% or 0.045. So the credit amount is $\frac{1800}{1 - 0.045}=\frac{1800}{0.955}\approx1884.82$.

Step3: Calculate net amount due

The original invoice amount is $4600. After applying the partial - payment credit of approximately $1884.82, the net amount due is $4600-1884.82 = 2715.18$.

Step4: Determine net date

The net date is 30 days from the invoice date. Starting from November 8, the net date is December 8.

Answer:

Discount date: November 28 Partial payment credit: $1884.82 Net amount due: $2715.18 Net date: December 8