Determine the discount period


Response to the following problem:

On July 29, 2012, Ever Green Company, a garden retailer, purchased $12,000 of seed, terms 2/10, n/30, from Fleck Seed Co. Even though the discount period had expired, Mary Jasper subtracted the discount of $240 when she processed the documents for payment on August 13, 2012.

Discuss whether Mary Jasper behaved in a professional manner by subtracting the discount, even though the discount period had expired.

 

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Financial Accounting: Determine the discount period
Reference No:- TGS02120237

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