An invoice of $237.50 dated April 2 is subject to credit terms of 2/10, n/30. If the invoice is paid on April 14, the amount to be paid would be

Name: An invoice of $237.50 dated April 2 is subject to credit terms of 2/10, n/30. If the invoice is paid on April 14, the amount to be paid would be
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The payment is made on April 14, which is beyond the 10-day discount period (April 12). Therefore, the full invoice amount of $237.50 is due.

An Invoice of $237