On March 30. Century Link received an invoice dated March 28 from ACME Manufacturing for...

80.2K

Verified Solution

Question

Accounting

On March 30. Century Link received an invoice dated March 28 from ACME Manufacturing for 59 lelevisions at a cost of $125 each.
Century recelved a 12-2-5 chain discount. Shipping terms were FOB shipping point. ACME prepaid the $119ight Terms were 310.
EOM. When Century received the goods, 2 sets were defective. Century returned these sets to ACME. On Aprit 8 C Cantury sent a $250
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.
Final pavment
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students