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How much would the cellular company owe

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Question - A cellular company purchased $28,600 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?

(b) What is the net date?

(c) If the manufacturer charges a 4 1/2% late fee, how much (in $) would the cellular company owe if it did not pay the balance by the net date?

Reference no: EM132945944

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