What is century final payment on may

Assignment Help Finance Basics

Reference no: EM133251846

Question - On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 62 televisions at a cost of $100 each. Century received a 15/2/2 chain discount. Shipping terms were FOB shipping point. ACME prepaid the $92 freight. Terms were 3/10 EOM. When Century received the goods, 2 sets were defective. Century returned these sets to ACME. On April 8, Century sent a $200 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.

Reference no: EM133251846

Questions Cloud

How much do you gain or lose by buying the car : If your financing rate is 10% APR, and you intend to finance the purchase of the car, how much do you gain or lose by buying the car

Discuss whether you would expect wacc method : Discuss whether you would expect WACC method to give you a different answer, and if yes, then why. If the firm's tax rate is 20%, calculate the project's APV

Sound merely like have initiative : Explain Habit 1 in a deep way so that it does not sound merely like "have initiative". What is difficult about it (according to the lecture)? Explain.

What is the irr of a project : Question 2 - What is the IRR of a project that costs $45,000 if it is expected to generate $15,047 per year for five years

What is century final payment on may : On April 8, Century sent a $200 partial payment. Century will pay the balance on May 6. What is Century's final payment on May 6

Growth of engineering inspection and insurance : How would you describe the growth of Engineering Inspection and Insurance Company? What business are they in?

Enabling Virtual Hiring with Modern HR Technology : Explain the main purpose of this podcast/video/article. Explain key question that the podcast/video/article is addressing.

What is your new estimate of the maximum share price : The appropriate EV/EBITDA multiple is 7. What is your new estimate of the maximum share price for the purchase

Channel addition SEDO : Consider that till now the only channel addition SEDO has done is to move from one location to start the business to website presence in many different location

User Account

All Pages