Jackson 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, Jackson Ski Equipment writes a check for ____ to pay the invoice.

Question

Quizplus · Accepted Answer

Since Jackson Ski Equipment pays the invoice 20 days later, they miss the 2% discount period which is within 10 days. Therefore, they pay the full invoice amount of $10,000.

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