Which of the following are important skills that contribute to financial literacy (24)

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A buyer for a retail store negotiates discounts of 30%, 15%, and 5% (taken successively) on a certain mattress. If the mattress has in initial price of $904, what price will the buyer actually pay after the discounts are applied? (Round to the nearest cent.)

1. Miracle Appliance is a wholesaler of kitchen appliances. You are the purchaser for a home store retailer. Miracle Appliance offers the KIT532 model refrigerator at a list price of $657. Miracle offers your company a trade discount of 25 percent. a. What is the amount of the discount for this refrigerator? b. What net price will you pay for this model refrigerator?

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Bargain city clothing store purchased raincoats for $38.10. The store requires a markup of 49% on the regular selling price. What new regular selling price should be marked on the raincoats if the store wants to offer a 32% discount without reducing its markup? regular selling price= new regular selling price =

You place and order for 100 units of inventory at a unit price of  P 50.00. The supplier offers terms of 3/30, net 90. How long do you have to pay before the account is overdue? If you take the full period, how much should you remit? How much is the discount offered? How quickly must you pay to get the discount? If you take the discount, how much should you remit? If you don’t take the discount, how much interests are you paying implicitly? How many days’ credit are you receiving?

Suppose you are the buyer for the housewares department of a department store. A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls, Brand A offers a list price of $400 per dozen less a 35% trade discount. Brand B offers a similar set for a list price of $425 less a 42% trade discount. (a) Which vendor is offering the lower net price? Brand A Brand B       (b) If you order 500 dozen sets of the bowls, how much money (in $) will be saved by using the lower-priced vendor?

Crazy Cliff’s Computers (CCC) purchases computer parts from its suppliers 2/5, net 30.  What is the effective annual cost of not taking the trade discount?       Select one: a. 2.00% b. 2.04% c. 27.43% d. 34.31% e. None of the above.

Problem related to Accounting

Sam's SnowBoards.com offers 6/5/2 chain discounts to many of its customers. The Ski Hut ordered 20 snow boards with a total list price of $6,600. a. What is the net price of the snow boards? Note: Do not round intermediate calculations. Round your final answer to the nearest cent. Net price b. What was the trade discount amount? Note: Do not round intermediate calculations. Round your final answer to the nearest cent. Trade discount amount

A store has a sale with 10 % off every item.  When you enter the store, you receive a coupon that states you receive an additional 10 % off any sale price.  If you plan to purchase an item that sells for $23, what will your total discount be (a) in dollar amount and (b) in percent?

What is the new price after the mark up for this financial accounting question?

Green Thumb Nursery sells spreading junipers to the gardening departments of local grocery and building supply stores. The net price per tree is $27.06 after a trade discount of $22.14.What rate of trade discount is the nursery giving to retailers? (Round your answer to one decimal place.)Discount rate  = %

Runners has decided to purchase products with a list price of $708.60 and a trade discount of 10%. What is the amount of discount on the products? your answer(s) should be rounded to the nearest cent.

C. Multiple Trade Discount1. An item listed for Php 4 000 has been given trade discounts of 30%, 20%,and 10% by the manufacturer. What single trade discounts rate isequivalent to this series of discounts?2. A starting fast-food restaurant wants to take advantage of theeconomies of scale to lower down its costs. It purchases raw materials involume to receive as much discount as possible. A large meat shop isgiving a 5/7/11 discount for bulk buyers. Beef meat is listed at Php 240 perkilogram. How much will the fast-food restaurant pay for buying 350kilograms of beef meat considering the discount offered?

A catering company buys some items with a list price of $5,000. If the supplier extends trade discount rates of 45/30/5, find the net price using the net price factor, complement method. $

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PART 4: A large discount store has approached the owner of Yundt about buying 20,000 snow globes. The discount store is only willing to pay only $30 per unit. Based on quantitative factors alone, should Yundt accept the special order? Specifically, by what amount would the special-order increase or decrease profitability?