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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.

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Answer:

A 2/10 term means that Thomas Ski Equipment will receive a discount for 2 percent if they pay within 10 days. The terms net/60 mean that Thomas Ski Equipment have to pay within 60 days. Twenty days later Thomas Ski Equipment pay and they wont get any discount so they would have to write a check for $10,000 to pay the invoice.

Explanation:

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