A manufacturer offers a 25/20 chaindiscount if the invoice subtotal is above$1,000. If the list price is $45 per item,what is the total price of the first invoicethat activates the chain discount?B. $594.00A. $569.25D. $621.00C. $648.0003-2021 Acellus Corporation. All Rights Reserved.

on selling 23 units, the chain discount will get activated.

Answered: A manufacturer offers a 25/20 chain…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

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Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 4Q: If a retailer made a purchase in the amount of $350 with credit terms of 2/15, n/60. What would the...

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A manufacturer offers a 30/25 chain discount if the invoice subtotal is above $1,000. If the list price is $80 per item, what is the total price of the first invoice that activates the chain discount? F4 A. $546.00 ©2003-2022 International Academy of Science. All Rights Reserved. C. $468.00 T % 5 Q Search F5 F6 6 i & F7 7 F8 8 B. $504.00 D. $588.00 DELL F9 9. prtsc F10 home F11 a end F12 Insert 2+11.
What is total price of the first invoice that activates the chain discount?
BUS 038 : Business Computatns5. You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are “2/15, n/30,” what amount must you pay if you pay within the discount period?
Please answer requirement a. Thanks.
buying and sellinga. A calculator is listed at P 859.50 and has a trade discount of 33 1/3 %; a) What is the amount of trade discount? b) What is the price paid for the calculator?b. ABC Company offers to fill an order for goods at P 25,800.00 less 25% and 25 %, terms n/30. On the other hand, XYZ Corporation offers P 25,000.00 less 35%, 3%, and 2%, terms 8/10, n/30: on the same order. Assuming that Mr Cruz will pay cash, which is the better offer?c. What is the total cash discount if an invoice dated March 31 for P 15,000 with a payment terms of 3/20; 1/30; n/60 is paid in full on April 20?d. A manufacturer bills a retailer P 25,000 for a brand new refrigerator, and further extends a trade discount of 18 %. What is the trade discount and the net price?e. The list price of a brand new flat screen tv set at Emcor is P 25,000. The item costs P 22,000. After negotiation the tv set was sold at 20,000. What are the initial markup price and the maintained markup price?
On June 1, 2023, AAA Company sold merchandise with an invoice price of 5,000,000 to a customer. The entity allowed trade discounts of 15%, and 10%. Credit terms were 3/10, n/30 and the sale was made FOB destination. AAA Company paid 100,000 of the delivery cost. a. Compute the total amount of purchases to be included on the buyer’s inventory in the determination of cost of goods available for sale if payment was made beyond the discount period. b. What is the full amount received by AAA company if payment was made on June 11, 2023?
Crossings Company regularly buys merchandise from Best Company and is allowed trade discounts of 20% and 10% from the list price exceeding P120,000. Crossings made a purchase on March 20, 2024, and received an invoice with a list price of P150,000, a freight charge of P2,500, and payment terms of net 30 days. REQUIRED: What is the total cost of merchandise purchases?
2. On June 1, 2020, Pitt Company sold merchandise with a list price of P5,000,000 to Burr on account. Pitt allowed trade discounts of 30% and 20%. Credit terms were 2/10, n/30 and the sale was made FOB shipping point. Pitt prepaid P200,000 of delivery costs for Burr as an accommodation. What amount should be reported as sales revenue? a. 5,000,000 b. 2,800,000 c. 3,500,000 d. 2,500,000 On June 11, 2020, what amount was received by Pitt from Burr as remittance in full? a. 2,744,000 b. 2,940,000 c. 2,944,000 d. 3,140,000
A discount store purchased some special product at a list price of $1,400. If the broker gives a 10.25% trade discount, what is the amount of the trade discount? $143.50 $840.00 $1,256.50 $1,484.00
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A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $45 per item, what is the total price of the first invoice that activates the chain discount? B. $594.00 A. $569.25 D. $621.00 C $648.0