A local Barnes and Noble paid a $79.88 net price for each hardbound atlas. The publisher of publisher's list price? (Round your answer to the nearest cent.) List nrico
Q: Ben City issued a purchase order on 05/10/19 for supplies with an estimated cost of $8600. An…
A: An event after the reporting date provides evidence of the condition that exists at the reporting…
Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…
A: In order to determine the equivalent discount, we need to compute the net factor payments.
Q: Would you please help me with this The BEV Toy Shop purchased 50 wagons at $45 per wagon less a…
A: Compute reduced list price per wagon as follows:
Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…
A: Trade discount: It is the reduction in the retail price when manufacture sell product to the…
Q: Paul Gee Limited buys and resells machines. Paul Geel is known to buy and sell in the City. During…
A: Trading company purchases goods at a lower rate and sells them at a higher price to make a profit.…
Q: Exercise 1-2 (Algo) isted below are several transactions that took place during the second and third…
A: The accrual basis accounting records the revenue and expenses as and when they are actually…
Q: Show Work.
A: In this question, we have to calculate the trade discount Trade discount refers the discount which…
Q: Jill's dress shop purchaed merchandise worth $1,265 with an invoice date of November 27. Jill paid…
A: Solution: As payment is made with in 15 days of invoice date, , therefore Jill will get cash…
Q: The VCC Bookstore marks up Business Math textbooks by $71.21 per textbook. The stores markup is 98%…
A: Mark Up = 71.21 Markup as a % cost = 98%
Q: A photographer buys some merchandise with a list price of $9,000. If the supplier offers trade…
A: Trade discount is given at the time of sale while cash discount given at the time of end payment.…
Q: B. Give the journal entry to be made in the books of the purchaser, if the account to be debited is…
A: Accounting books: The various books drafted to carry out the accounting process are called as…
Q: What are the discount date and the net date if the shipment arrived on July 13? Discount Date…
A: There are multiple sub-parts and only three sub-parts as per our protocol has been solved. Given in…
Q: Exercise 2 - 6. JOURNAL ENTRIES – NORMAL COST SYSTEM The following are the transactions of JA…
A: Journal Entry The basic process of accounting is to journalize the required transaction in to debt…
Q: A store purchases ear buds from the manufacturer for $5 each. Calculate the sticker price for the…
A: Gross Margin - Gross Margin is the profit earned by the organization from the sales made by the…
Q: Question 2/ Notes Receivable & Payable On Sep 1 2020, B company lends D company €12,000 cash,…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: A small gift shop has a beginning inventory at $9,120. If the additional inventory detailed in the…
A: Cost of goods sold is calculated as difference between cost of goods available for sale and ending…
Q: An item costs a store $16 from the manufacturer. The store plans to mark up the item at 70% of the…
A: The price at which a good or service should be sold should be determined by considering the cost and…
Q: Journalize the transactions in a merchandising business in general journal - purchase and sales. See…
A: SOLUTION- JOURNAL ENTRY- IT IS USED TO RECORDS ALL THE BUSINESS TRANSACTIONS AND EVENTS IN THE…
Q: 9. Using the facts in Problem #7, please do the journal entry for your company selling 250 items of…
A: As payment is made within dsicount period hence 1% discount will be provided.
Q: Journalize the transactions in a merchandising business in general journal - purchase and sale.…
A: The question is related to General Journal of both the companies. Aeron trading purchased goods from…
Q: You place an order for 310 units of inventory at a unit price of $160. The supplier offers terms of…
A: 1/15, net 90 means if the amount due is paid within 15 days, the customer will get 1% discount,…
Q: Shirts were purchased for $13.50 each and were marked up by $18.75. During Christmas, they were…
A: Given:Cost of each shirt = $13.50Markup = $18.75Discount = $6.85
Q: A discount clothing store buys shirts and slacks with a list price of $14,750. If the wholesaler…
A: Single equivalent discount = 1 - [(1 - first discount) x (1 - second discount) x (1 - third…
Q: A flat TV which was listed at P 21,000 was offered to a customer for P 17,800. Find the rate of…
A: Trade discount rate is the rate by which manufacturer of a product reduce price of that product.…
Q: Mel's Diner purchased paper products list priced at $696 less series discounts of 10/20/10, with…
A: Solution: Net price of product after trade discount = $696 * (1-0.10) (1-0.20) (1-0.10) = $451
Q: 3) Neophyte Co. sells one product. A record of transactions for the month of May was as follows: May…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: furniture store bought some bookcases at $79 each, after a trade discount of 55%. What was the list…
A: Price you pay = list price(1- discount) List price is full price without providing any discounts.…
Q: Towards the end of winter, a distributor is selling its leather jackets that were listed for $500…
A: The trade discount is an reduction in the listed price of a product or service offered by a seller…
Q: Vaughn Manufacturing Company sold toys listed at $400 per unit to Pronghorn, Inc. for $340, which…
A: The account receivables represent the amount due from the customers during the current period. The…
Q: Boeing Truck Company received an invoice showing 12 tires at $114 each, 15 tires at $157 each, and…
A: An account payable is defined as the amount a business owed for purchases they made on credit. they…
Q: Q#9) On July 1, Rustic Company, a retailer, ordered merchandise from vendor Décor Services. The…
A: First, let's calculate the price Rustic Company paid after applying the trade discount: Price with…
Q: Please help me do a general jounrnal for this scenario: Master Flow purchased 500 Units @ $100 /…
A: Master flow is purchasing merchandise from the vendor Kohler Inc. with a credit limit of $60,000. It…
Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…
A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…
Q: A merchant buys a sweatshirt for $15 and has a dollar markup of $14.95. what is the retail price? O…
A: The price at which an entity sells its goods is referred to as the retail price. It is the price…
Q: RMPW makes and sells premium Ultimate Ale and related products.All purchases and sales are made On…
A: Journal books in which all business monitory transactions are recorded in this books. all…
Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…
A: There are three consecutive discounts are given here, the ne price factor can be calculated by using…
Q: Towards the end of winter, a distributor is selling its leather jackets that were listed for $620…
A: a. The $620 initial price of the leather jacket can be subtracted from each subsequent markdown to…
Q: Purchased $2,150.03 in resale items on account from Starry Night; terms 1/15, n/30. Purchase order…
A: Purchases - Purchase is a transaction entered by the organization to acquire goods from the…
Q: Al Qud, Paramount House, Bausher, is dealing in trading.of Furniture. They are selling the following…
A: Given data, Tables $600 per table, Chairs at $600 per chair, Cupboards at $3000 per cupboard…
Q: A computer dealer paid $695 for a computer and sold it for $1,495. Find the percent markup based on…
A: Step 1:Step 2:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Please give answer of this questionGive only typing answer with explanation and conclusion An online store holds a sale. Of the 400 customers who make purchases during the sale, 80 use a coupon. What percent of the customers do not use a coupon?nd K The following transactions were selected from among those completed by Bennett Retailers in November and December: Sold 20 items of merchandise to Customer B at an invoice price of $5,500 (total); terms 3/10, n/30. Sold two items of merchandise to Customer C, who charged the $400 (total) sales price on her Visa credit card. Visa charges Bennett Retailers a 2 percent credit card fee. Sold 10 identical items of merchandise to Customer D at an invoice price of $9,000 (total); terms 3/10, n/30. November 29 Customer D returned one of the items purchased on the 28th; the item was defective and credit was given to the customer. December 6. Customer D paid the account balance in full. December 201 Customer B paid in full for the invoice of November 20. November 201 November 25 November 28 Required: Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contra-revenues; compute net sales for the two months ended December 31. Note: Do not round…
- i need the answer quicklyUsing the facts in Problem #7, please do the journal entry for your company selling 250 items of your inventory for $120,000 with the terms 1/10, n/30 on 2/10/19. Note that the "perpetual"* and the the 'periodic" methods use the same account names when selling merchandise. Then do the journal entry for your customer returning $10,000 of the inventory on 2/13/19. Number 7 has already been answered it’s only there to provide assistance with number 9Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). Sold $24,000 of merchandise, which cost $18,200, on Mastercard credit cards. Mastercard charges a 5% fee. Sold $5,400 of merchandise, which cost $3,200, on an assortment of bank credit cards. These cards charge a 4% fee.Please use the numbers in my question and place correct solution on journal sheet as rrequested in the assignment please.
- Nevada Company provided services with a list price of $48,500 to Small Enterprises with terms 2/15, n/45. Nevada records sales at gross. Required: Question Content Area 1. Prepare the entry to record this sale in Nevada's journal 2. Prepare the entry for Nevada's journal to record receipt of cash in payment for the sale within the discount period. If an amount box does not require an entry, leave it blank. 3.Prepare the entry for Nevada's journal to record receipt of cash in payment for the sale after the discount period.LULU Hypermarket on March 1st, 2020, sells food product on account to Al Faiha Farm for RO 5,000. The sales term is 5% on 60 days. On March 6th, Al Faiha Farm returned some of the food product worth 600 to LULU. Prepare the journal entry to record this transaction on the books of LULU Hypermarket on the 6st of March: Select one: O a. NSales Return on Allowances 600 Account Receivable 600 O b. Sales Revenue 600 Account Receivable 600 O c. Bad debt expenses 600 Allowances for doubtful 600 account O d. Account Receivable 600 600 Cash اكتب هنا ل لبحثI need assistance with this please The BEV Toy Shop purchased 50 wagons at $45 per wagon less a 40% trade discount on May 8. The invoice had terms of 3/10, 2/20, N/30. On May 18, the shop sent a check for an amount that gave it a credit for ½ the balance due. On May 31, the remaining balance was paid. The shop expects a profit of 30% of cost and 15% of cost for operating expenses. From May until the end of September, the shop sold 40 wagons at its regular markup. From September through December, the remaining wagons were sold with a 35% markdown price. It is your task to determine the following, remembering to show and label all calculations: The total cost and individual cost to the nearest cent per wagon after all discounts. The amount saved by making the two payments. The breakeven point to the nearest cent for all wagons.
- Answer complete question, answer in text form please (without image), Note: .Every entry should have narration pleaseName different types of debenture. Pass the journal entries if a ABC Co. purchased a machinery of 240000 from CDE Co. and issued debenture of 100 each a. Issue at par b. Issue at 10% discount c. Issue at 10% premium Please help me to solve this questionHelp Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,400 list price. Bally dated the invoice August 06 with 5/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on August 19. What does Intel pay Bally? Payable amount Cip