Question: On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 62 televisions at a cost of $100 each. Century received
On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 62 televisions at a cost of $100 each. Century received a 9/5/5 chain discount. Shipping terms were FOB shipping point. ACME prepaid the $107 freight. Terms were 3/10 EOM. When Century received the goods, 2 sets were defective. Century returned these sets to ACME. On April 8, Century sent a $220 partial payment. Century will pay the balance on May 6. What is Century's final payment on May 6? Assume no taxes.
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