A buyer of $5,000 in merchandise inventory does not take advantage of a supplier's credit terms of 2/10,n/30,and instead pays the invoice in full at the end of 30 days.The buyer will pay $4,900.

Question

Quizplus · Accepted Answer

If the buyer pays in full at the end of 30 days without taking advantage of the 2% discount for paying within 10 days, the full amount of $5,000 will be due. Therefore, the buyer will not pay $4,900.

A Buyer of $5,000 in Merchandise Inventory Does Not Take