A cellular company purchased $25,600 in cell phones on September 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 (in $) if the cellular company sends the manufacturer a partial payment of $6,000 on October 20? (Round your answer to the nearest cent.) $ (b) What is the net date? ---Select- e (c) If the manufacturer charges a 4% late fee, how much (in $) would the cellular company owe if it did not pay the balance by the net date? (Round your answer to the nearest 2 cent.) $

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
A cellular company purchased $25,600 in cell phones on September 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 (in $) if the cellular company sends the manufacturer a partial payment of $6,000 on October 20? (Round your answer to the nearest cent.)
(b) What is the net date?
---Select--- ŵ
1
(c) If the manufacturer charges a 4% late fee, how much (in $) would the cellular company owe if it did not pay the balance by the net date? (Round your answer to the nearest
2
cent.)
Transcribed Image Text:A cellular company purchased $25,600 in cell phones on September 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 (in $) if the cellular company sends the manufacturer a partial payment of $6,000 on October 20? (Round your answer to the nearest cent.) (b) What is the net date? ---Select--- ŵ 1 (c) If the manufacturer charges a 4% late fee, how much (in $) would the cellular company owe if it did not pay the balance by the net date? (Round your answer to the nearest 2 cent.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 4 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,