Macy of New York sold LeeCo. of Chicago office equipment with a $5,500 list price. Sale terms were 4/10, n/30 FOB New York. Macy agreed to prepay the $70 freight. LeeCo. pays the invoice within the discount period. What does LeeCo. pay Macy?

Question

21-02-2020
Business

contestada

Macy of New York sold LeeCo. of Chicago office equipment with a $5,500 list price. Sale terms were 4/10, n/30 FOB New York. Macy agreed to prepay the $70 freight. LeeCo. pays the invoice within the discount period. What does LeeCo. pay Macy?

Respuesta :

ACCESS MORE

Otras preguntas

Neisseria menigitidis is characterized asa. having a polysaccharide capsule and fimbriaeb. a Gram-negative diplococcusc. a Gram-positive coccobacillusd. a Gram-

What is 1.3 in expanded form

Consider a culture medium on which only gram- positive organisms such as Staphylococcus aureus colonies can grow due to an elevated NaCl level. A yellow halo su

"When a Central Bank makes a decision that will cause an increase in both the money supply and aggregate demand, it is: a. following a loose monetary policy.

A crucial aspect of cognitive functioning is __________, the ability to focus attention on relevant information and ignore what is irrelevant.

Suppose that a rectangular toroid has 2,000 windings and a self-inductance of 0.060 H. If the height of the rectangular toroid is h = 0.60 m, what is the curren

The former policy of the South African government that was designed to maintain the separation of Blacks and other non-Whites from the dominant Whites was known

Apply the distributive property to factor out the greatest common factor of 44 + 48

-8+(-4)= What is the answer

PLEASE HELP SOLVE 63. ASAP!

jepessoa jepessoa · Answer 1 · 2020-02-23T02:33:36+01:00

jepessoa jepessoa

23-02-2020

Answer:

$5,350

Explanation:

LeeCo's total invoice = $5,500 (Macy's goods)+ $70 for freight charges (FOB sale New York)

If LeeCo. pays within the discount period it must pay $5,500 x 96% = $5,280 for the goods and $70 for the freight = $5,350

*Free on board (FOB) shipping point means that the buyer gets title of the goods at the moment they are shipped and is responsible for covering freight expenses.

Answer Link