Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On March 30 , Century Link recelved an involce dated March 28 from ACME Manufacturing for 42 televisions at a cost of $100 each. Century

image text in transcribed
On March 30 , Century Link recelved an involce dated March 28 from ACME Manufacturing for 42 televisions at a cost of $100 each. Century recelved a 15/2/5 chain discount. Shipping terms were FOB shipping point. ACME prepaid the $117 freight. Terms were 3/10 EOM. When Century received the goods, 4 sets were defective. Century returned these sets to ACME. On April 8 , Century sent a $245 partial payment. Century will pay the balance on May 6. What is Century's final payment on May 6? Assume no taxes. (Do not round intermediote colculations. Round your onswer to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions