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October 20, 2014

Homework Help: Math

Posted by April on Sunday, May 26, 2013 at 4:16pm.

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. What is the net amount due if City Cellular sends the manufacturer a partial payment of $5,000 on May 20? )

If the manufacturer from the question above charges a 4% late fee, how much would City Cellular owe if it did not pay the balance by the net date?

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