Question: 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 210 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 Centurys final payment on May 6? Assume no taxes.
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
Get step-by-step solutions from verified subject matter experts
