Pay the invoice in order to earn the discount

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Reference no: EM131955633

You are in the Accounts Payable dept. for XYZ Hospital. The Hospital has received an invoice from ABC Medical Supplies for $1,000 dated February 13, 2018 with the payment terms 2%10/EOM. The invoice was for $880.00 for supplies, $80.00 for freight charges and $40.00 for sales taxes. a. When do you have to pay the invoice in order to earn the discount? (specific date) b. What will the discount be? ( in terms of actual dollars and cents)

Reference no: EM131955633

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