A 12.5% discount allowed on an article amounted to $25.50. What was the list price?
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. A 12.5% discount allowed on an article amounted to $25.50. What was the list price?
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- A supplier grants credit terms of 1/5, net 30. What is the effective annual rate of the discount on a purchase of $5,000?The full amount of purchase is P530. If a cash discount of 10% is allowed, find the amount of the cash discount and the net amount to be paid. Round to the nearest centavoM An electric drill is listed for $507.92 less 27%, 19%, 2%. (a) What is the net price? (b) What is the total amount of discount allowed? (c) What is the exact single rate of discount that was allowed? (a) The net price is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- GJ Office Supplies offers the following discounts: Trade discounts of 10% at list price and another cash discount of 5% if paid in full before the due date. How mush is to paid if a customer pays before due date at a list price of P62,000.An item for 10,000, subject to a trade discount of 25%, is paid for within the discount period on terms 2/10, n/30. What is the amount of payment? P10,000 P7,500 P7,400 P7,350A = $ The amount of interest earned on A is $600, while the equivalent discount on A is $475. Find A.
- What does "2/10" mean, with respect to "credit terms of 2/10, n/30"? A. A discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date. B. Interest of 2 percent will be charged if the invoice is paid after 10 days from the date on the invoice. C. A discount of 10 percent will be allowed if the invoice is paid within two days of the invoice date. D. Interest of 10 percent will be charged if invoice is paid after two days.Find the average payment period if accounts payable is $10,000, cost of goods sold is $200,000, and sales are $500,000.An Scottish company is offering the terms of 2/10 net 30. For a purchase of $3,000, answer the following questions: a) When is the payment due? b) How much will the company pay if it pays in 30 days? c) How much will the company pay if it pays in 10 days?
- The expression “2/10, net 45” means that the customers receive a 2% discount if they pay within 10 days; otherwise, they must pay in full within 45 days. What would the seller's cost of capital have to be in order for the discount to be cost justified? 24.8571% 19.8571% 20.8571% 23.8571%What is the fixed charge coverage ratio? Answer in the form of 5.0x (one decimal place...hint: should end in .0x or .5x) Assume: Sales - $1,000 Depreciation - $3 PP&E - $15 Taxes paid - $8 Accounts receivable - $2.5 Debt due within one year - $10 Capital Expenditures - $2 Net Income - $25 Interest expense - $6 Total Debt - $112.5Company XYZ sold goods worth $5,000 on credit with a 2% discount if paid within 15 days. The customer paid the invoice after 20 days. What amount did the customer pay?