00 9 10 11 Blender 9,000 Below are the prices for the Blender 9,000 at three different stores. All 3 stores have the sa an discount rate. Bed, Bath $ Beyond Walmart Kirkland's 12 13 (14 15 16 . Original Price $35.50 $29.99 $32.25 Discount Price $26.63 $22.49 B Total Price (including sales tax) $27.96 A D What is the tax rate? Round to the nearest whole percent. 75 What is the dicounted rate? Round to the nearest whole percent. Using the percent of tax from Blank 1, what is A? Round to the nearest cent. Using the discount rate from blank 2, what is B? Round to the nearest cent 24.19 What is the value of D?

00 9 10 11 Blender 9,000 Below are the prices for the Blender 9,000 at three different stores. All 3 stores have the sa an discount rate. Bed, Bath $ Beyond Walmart Kirkland's 12 13 (14 15 16 . Original Price $35.50 $29.99 $32.25 Discount Price $26.63 $22.49 B Total Price (including sales tax) $27.96 A D What is the tax rate? Round to the nearest whole percent. 75 What is the dicounted rate? Round to the nearest whole percent. Using the percent of tax from Blank 1, what is A? Round to the nearest cent. Using the discount rate from blank 2, what is B? Round to the nearest cent 24.19 What is the value of D?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PB7. LO 6.4Review the following sales transactions for April Anglers and record any required journal entries. Oct. 4 April Anglers made a cash sale of 40 fishing poles to customer Billie Dyer at a price of $55 per pole. The cost to April is $33 per pole. Oct. 5 April Anglers sells 24 fishing poles to customer Billie Dyer at a price of $52 per pole on credit. The cost to April is $30 per pole. Terms of the sale are 2/10, n/30, invoice date October 5. Oct. 12 Billie returns seven of the fishing poles from the October 4 purchase to April Anglers for a full refund. April returns these poles to their inventory at the original cost per pole. Billie also discovers that 6 of the fishing poles from the October 5 purchase are the wrong color but keeps them since April granted an allowance of $18 per fishing pole. Oct. 24 April pays their account in full from the October 5 purchase, less any returns, allowances, and/or discounts.
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3 Purchased chicken and eggs from Josie’s Chicken House,P 6,000 list price. Terms: Cash less 5% trade discount plus VAT. entries for this