A retailer buys Christmas merchandize from the manufacturer on September 1.The manufacturer postdates the invoice to December 31,and the credit terms of the sale are 2/10,net 30.When is the payment due?

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The payment due date would be 30 days from December 31, which is January 30. The discount period of 2/10 means that if the retailer pays within 10 days of the invoice date (December 31), they can receive a 2% discount. Therefore, the full payment is due on January 30, but the retailer has the option to pay within 10 days and receive a discount.

A Retailer Buys Christmas Merchandize from the Manufacturer on September