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Consider merchandise totaling $465 with an invoice dated September 2 and terms of 2/10, net...

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Accounting

Consider merchandise totaling $465 with an invoice dated September 2 and terms of 2/10, net 30, EOM, FOB Store, Charges Reversed. The goods were received on September 27 and transportation charges totaled $21.50. If the payment is not paid in full within the allotted time, a 3% penalty per day of the total amount must be applied and submitted with payment. If the invoice is paid on November 12, how much should be remitted? A. $465.00 B. $646.35 C. $662.67 D. $676.30

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