Question

City Cellular purchased $28,900 in cell phones on April 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 if City Cellular sends the manufacturer a partial PAYMENT of $5,000 on May 20?$ b. What is the net date?Use the full name of the month (e.g., April). c. If the manufacturer charges a 4% late fee, how much would City Cellular owe if it did not pay the BALANCE by the net date