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A cellular company purchased $26,600 in cell phones on April 25 . The terms of sale were (4)/(20),(3)/(30),(n)/(60) . Freight terms were F.O.B. destination. Returned
A cellular company purchased
$26,600
in cell phones on April 25 . The terms of sale were
(4)/(20),(3)/(30),(n)/(60)
. Freight terms were F.O.B. destination. Returned goods amounted to
$650
.\ (a) What is the net amount due (in $) if the cellular company sends the manufacturer a partial payment of
$4,000
on May 20 ? (Round your answer to the nearest cent.)\ (b) What is the net date?\ (c) If the manufacturer charges a
4(1)/(2)%
late fee, how much (in $) would the cellular company owe if it did not pay the balance by the net date? (Round your answer to the nearest cent)
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