Ask Question
5 May, 03:56

If a customer purchases $500.00 in merchandise on account, and the terms are 2/10, n/30, what would the customer owe if he were to pay the balance on the 9th day

+4
Answers (1)
  1. 5 May, 06:11
    0
    In accounting, the invoice 2/10, n/30 means that the customers has to pay $500 within 30 days. If he can pay earlier, say within 10 days from the date of purchase, a cash discount of 2% is given. If the customer pays on the 9th day, he would only have to pay

    500 (100% - 2%) = $490
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If a customer purchases $500.00 in merchandise on account, and the terms are 2/10, n/30, what would the customer owe if he were to pay the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers