On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 51 televisions at a cost of $100 each. Century received a 8/5/5 chai discount. Shipping terms were FOB shipping point. ACME prepaid the $91 freight. Terms were EOM. When Century received the goods, 3 sets were defective. Century returned these sets to ACME. On April 8, Century sent a $275 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
On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 51 televisions at a cost of $100 each. Century received a 8/5/5 chai discount. Shipping terms were FOB shipping point. ACME prepaid the $91 freight. Terms were EOM. When Century received the goods, 3 sets were defective. Century returned these sets to ACME. On April 8, Century sent a $275 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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:On March 30, Century Link received an invoice dated March 28 from ACME
Manufacturing for 51 televisions at a cost of $100 each. Century received a 8/5/5 chain
discount. Shipping terms were FOB shipping point. ACME prepaid the $91 freight.
Terms were EOM. When Century received the goods, 3 sets were defective.
Century returned these sets to ACME. On April 8, Century sent a $275 partial
payment. Century will pay the balance on May 6. What is Century's final payment on
May 6? Assume no taxes.
10
Note: Do not round intermediate calculations. Round your answer to the nearest
cent.
Final payment
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