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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 58
City Cellular purchased $28,900 in cell phones on April 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 if City Cellular sends the manufacturer a partial payment of $5,000 on May 20?
b. What is the net date?
c. If the manufacturer charges a 4
% late fee, how much would City Cellular owe if it did not pay the balance by the net date?
a. What is the net amount due if City Cellular sends the manufacturer a partial payment of $5,000 on May 20?
b. What is the net date?
c. If the manufacturer charges a 4
% late fee, how much would City Cellular owe if it did not pay the balance by the net date?Explanation
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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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