Problema Solution
an invoice for a camcorder that cost $1210 is dated august 1, with sales terms of 2/10 EOM. if the bill is paid on Spetember 6, how much is due?
Answer provided by our tutors
2/10 EOM means the buyer will receive a cash discount of 10% if the bill is paid within 2 days after the end of the month indicated on the invoice date.
If the invoice date is August 1 the discount date is September 2nd.
on September 6th $1210 is due.