To calculate the due date (\(D\)):
\[ D = I + 75 \]
Where:
Net 75 is a payment term used in business transactions that indicates the buyer must pay the full invoice amount within 75 days from the invoice date. This term is commonly used in business-to-business transactions to provide the buyer with a longer period to settle their payment, which can help with cash flow management. The due date is calculated by adding 75 days to the invoice date.
Let's assume the following value:
Using the formula:
\[ D = 2024-07-01 + 75 \text{ days} \approx 2024-09-14 \]
The due date is approximately 2024-09-14.
Let's assume the following value:
Using the formula:
\[ D = 2024-08-15 + 75 \text{ days} \approx 2024-10-29 \]
The due date is approximately 2024-10-29.
