Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 53 televisions at a cost of $105 each. Century received
On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 53 televisions at a cost of $105 each. Century received a 9/4/5 chain discount. Shipping terms were FOB shipping point. ACME prepaid the $98 freight. Terms were 102 EOM. When Century received the goods, 2 sets were defective. Century returned these sets to ACME. On April 8 , Century sent a $175 partial payment. Century will pay the balance on May 6. What is Century's final payment on May 6 ? Assume no taxes. Note: Do not round intermediate calculations. Round your answer to the nearest cent
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started