Thomas Ski Equipment receives an invoice for $10,000 worth of merchandise from one of its suppliers.The invoice has discount terms of 2/10,net/60.Twenty days later,Thomas Ski Equipment writes a check for ____ to pay the invoice.

Question

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The discount terms 2/10, net/60 mean a 2% discount is available if paid within 10 days; otherwise, the full amount is due in 60 days. Since the payment is made 20 days later, the discount period has passed, and the full invoice amount of $10,000 is due.

Thomas Ski Equipment Receives an Invoice for $10,000 Worth of Merchandise