Question

When a supplier’s invoice indicates terms of 2/15, n/30, and it has just been delivered, the hospitality firm will have to pay full price if payment is not made: after how many dates ?

Answer 1

The hospitality firm will have to pay full price if payment is not made within 45 days.

Step-by-step explanation:

When a supplier's invoice indicates terms of 2/15, n/30, it means that the supplier offers a 2% discount if the payment is made within 15 days. Otherwise, the full amount is due within 30 days. To determine when the hospitality firm will have to pay full price, we need to add the number of days allowed for the discount (15) to the number of days allowed for the full payment (30):

15 + 30 = 45

Therefore, if the payment is not made within 45 days, the hospitality firm will have to pay the full price.