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

Reviews

Write a Review

Finance Basics Questions & Answers

  Managed fund seems appropriate for investment needs

Based on age 24 and financial situation with normal international student, which type of mutual/managed fund seems appropriate for your investment needs?

  How much money will you have to deposit each month

How much money will you have to deposit each month into an account earning 8% per year (interest compounded monthly), starting one month from today, to accomplish this goal ?

  What dividend did the stock pay

A financial advisor claims that a particular stock earned a totalreturn of 10 percent last year. During the year the stock pricerose from $30-$32.50. What dividend did the stock pay?

  Compute the weighted average cost of capital

Clearly show the relevant cost of capital for each source of finance and compute the weighted average cost of capital (WACC) for the company

  What amount of federal income tax would the business

What amount of federal income tax would the business, Britta and Sheila each pay in 2018 from the consulting business operations

  Discuss the merits and limitations of consultancys ability

The firm says that it does this by statistically analyzing the words and phrases in the company's annual reports, news releases and public speeches by the company's senior executives.

  Explain the price elasticity and income elasticity

Different products have different elasticity's. Heart medication, for example, is inelastic & corn is elastic. Determine a product and explain the price elasticity and income elasticity.

  Calculate the current market yield

The corporate tax rate is 35%. Please calculate the current market yield, for an outside investor, for the: 6.25% bond and 5.75% bond

  Analysis of the tinytread project

Mr. Latecks asked the team to provide more information on the 4.94% discount rate used. The team has provided the following document

  What is the value of the forward contract

The annually compounded risk-free rate in the US is 2% and the annually compounded risk-free rate in the UK is 1.20%. What is the value of the forward contract?

  How can knowing what you value in a career help

How can knowing what you value in a career help keep you motivated in your education?

  Discuss the types of information revealed

Discuss the types of information revealed using DuPont Identity, and why it is considered a better approach than simple ROE when comparing performance of two fi

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd