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Transportation Charges Assignment

Author:
February 18th, 2020

Consider merchandise totaling $465 with an invoice dated September 2 and terms of 2/10, net 30, EOM, FOB Store, Charges Reversed. The goods were received on September 27 and transportation charges totaled $21.50.

If the payment is not paid in full within the allotted time, a 3% penalty per day of the total amount must be applied and submitted with payment. If the invoice is paid on November 12, how much should be remitted? A. $676.30 B. $662.67 C. $465.00. Get Accounting homework help today

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