Your pharmacy's wholesaler charges an additional 5% late fee if invoices are not paid in full within 28 business days of receiving them. The last invoice was for a total of $4654.12, and was received on Monday, January 17. The invoice was paid by the accounting department on January 27. How much should have been paid?
A)$4654.12
B)$4886.82
C)$4421.41
D)$5119.53

Question

Quizplus · Accepted Answer

The accounting department should have paid $4654.12 for the invoice received on January 17. The invoice was paid within 28 business days of receiving it, so the pharmacy would not be responsible for the late fee. The pharmacy should pay the entire cost of the invoice, with no additional fees, or $4654.12.

Your Pharmacy's Wholesaler Charges an Additional 5% Late Fee If