Question
A cellular company purchased $26,800 in cell phones on June 25. The terms of sale were 4/20, 3/30, n/60. Freight terms were F.O.B. destination. Returned
A cellular company purchased $26,800 in cell phones on June 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 $4,000 on July 20? (Round your answer to the nearest cent.)$
(b)What is the net date? ---Select--- January February March April May June July August September October November December (c)If the manufacturer charges a
4
1 |
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%
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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