Merchandise on an invoice dated March 5 is received on March 12 ...

[audie]

Merchandise on an invoice dated March 5 is received on March 12 with terms 2/10 ROG. What is the last day for the net payment?
 
  What will be an ideal response?

Question 2

Which one of the following statements about the term markon is false?
 
  a. Markon is sometimes used interchangeably with markup.
  b. Markon most often indicates the total amount added to the cost of the total merchandise in department rather than to the amount added to individual items.
  c. Markon is used sometimes to indicate markup based on cost rather than retail.
  d. The term markon is used by retailers, whereas markup is used primarily by manufacturers.

[Bison]

Answer to Question 1

April 11

Answer to Question 2

d. The term markon is used by retailers, whereas markup is used primarily by manufacturers.

[audie]

TYSM

[kswal303]

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