Problema Solution
City Cellular purchased $28,900 in cell phones on April 25th. The terms of the sale were 4/20, 3/30, n/60. Freight terms were f.o.b. Destination return good amount to $650. What is the net amount due if city cellular sends the manufacturer a partical payment of $5,000 on May 20th?
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City Cellular purchased $28,900 in cell phones on April 25th. The terms of the sale were 4/20, 3/30, n/60. Freight terms were f.o.b. Destination return good amount to $650. What is the net amount due if city cellular sends the manufacturer a partical payment of $5,000 on May 20th?
Solution:
Net amount due = $28,900+$650-$5,000 = $24,550
So the net amount due is $24,550