When do you have to pay the invoice in order to earn the


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)

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Financial Management: When do you have to pay the invoice in order to earn the
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