5. Affiliated Lumberyard discounts 10% of the regular selling price on the purchase of five or more pounds of nails. What is the sale price on the purchase of 12 pounds of nails that regularly sell for $1.40 a pound?

5. Affiliated Lumberyard discounts 10% of the regular selling price on the purchase of five or more pounds of nails. What is the sale price on the purchase of 12 pounds of nails that regularly sell for $1.40 a pound?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

5. Affiliated Lumberyard discounts 10% of the regular selling price on the purchase
of five or more pounds of nails. What is the sale price on the purchase of 12
pounds of nails that regularly sell for $1.40 a pound?
6. The Woodmark Card Shop has a preinventory clearance sale on all cards. Cards
ess than 99¢ are
priceto mour greeting cards that regularly
sell for $1.15, $1.40, $.88, and 9

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7. A smartphone cost a retailer $820.00 less a series discount of 31.5%, 7%. The regular selling price is $799.00. The dealer's overhead is 18% of the regular selling price and the smartphone is eventually marked down and sold for $658.75. (a) Determine the amount of markup (in dollars) the dealer applies to each smartphone to sell at the regular price. Round answer to two decimal places. (b) What is the markup rate based on regular selling price? Round final answer to one decimal place. (c) What was the rate of markdown? Round final answer to one decimal place. (d) What was the operating profit or loss at the mark down price? Indicate clearly if it is a profit loss.
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Please answer all parts
Sub : FinancePls answer very fastt.I ll upvote. Thank You The Rusty Auto Parts Company has sales of $20,000 every month. Its retail prices are twice the wholesale cost (a 100% markup). It buys its parts one 1 month before it anticipates making a sale. What is the inventory at the end of the month? Inventory = $
ABC sells on credit terms of 2/10, n/30. Daily sales average 200 units at P2,500 each throughout the 365-day year. All sales are on credit. On average, 40% take the cash discount by paying on tenth day while the remaining 60% pay on the 30 th day. It is planning to change the credit terms to 2/10, n/25. If this change was done, daily sales will be 180 units. Around 45% will pay on the tenth day while the remaining 55% will pay on the 25 th day. 4. What will be the new average accounts receivable balance based on the given?5. What will be the new average collection period of the receivables in days?6. What will be the new receivable turnover? Round off to two decimal places.Please answer all three. Thank you.
15
Johnny Sinclair sells 1,400 electronic water pumps every year. These pump cost P54.30 each. if annual inventory carrying cost are 9.0% and the cost of placing order is P90, what is the total annual inventory cost?
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