If a contractor receives an invoice of $5,269 with terms of 2/10 net 30, what is the amount due if processed by December 9?

The invoice amount is $5,269 with terms of 2/10 net 30. This means that the contractor can take a 2% discount if the invoice is paid within 10 days. To determine the due amount when paid by December 9, it is necessary to first understand the timeline: if the invoice date is assumed to be at the end of November, then paying by December 9 falls within the discount period.

To calculate the discount, first, figure out 2% of the total invoice amount:

• 2% of $5,269 is calculated by multiplying $5,269 by 0.02, which equals $105.38.

Now, subtract the discount from the original invoice amount:

• $5,269 - $105.38 equals approximately $5,163.62.

Rounding this value to the nearest dollar gives $5,164, making this the amount due if the invoice is processed by the discount deadline. Thus, opting for the amount of $5,164 correctly applies the discount for payment made within the specified timeframe.