Accounting BestElectronics offers tradediscounts of 30%, 20%, and 10% insequence. If the list price of an itemis $1,000,after all discounts.is the final price

Explanation of Trade Discount: A trade discount represents a reduction in the list price of goods…

Answered: Best Electronics offers trade discounts…

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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Similar questions

A supplier offers the following discounts: Trade discounts of 20% at list price and another cash of 3% if paid in full before the due date. The net amount paid by the customer within the discount period is 14,550. How much is the list price? Select the correct response: O 15,200 14,400 18,750 16,000
Complete the table using the information provided and assume a VAT rate of 15%: VAT EXCLUSIVE PRICE VAT AMOUNT VAT INCLUSIVE PRICE R280 a b c d R862.50 e R126 f
Find the rate of markdown and the markdown. Regular Selling Price $35.10 Rate of Markdown ? Markdown ? Sale Price $22.40 The rate of markdown is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
A wholesaler gives trade discounts 30%, 11% and 3% to his regular customers.a) Find the single discount equivalent to the given trade discounts.b) If the list price of an item is RM320, find the net price.
answer the three questions and show the solution
List price is $450.70. The trade discount rate is 31/15/5. What is the single equivalent discount? What is the trade discount? What is the net price? Round the net price factor and single equivalent discount five decimal places, and the trade discount and net price to the nearest cent when necc
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 centavo
Final answer
Arrow Manufacturing offers discounts of 31%, 15.5%, 3% on a line of products For how much should an item be listed if it is to be sold for $286 22? The itom should be isted for $ (Round the final answor to the nearest cent as needed. Round all intermediate values to six decimal places as neoded)
Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your answers to the nearest cent. Item Canon scanner Selling price $ 72 Markup percent 30 % Dollar markup Cost
An annuity pays $200 at the end of each period for 10 periods. Set up the CFs in an Excel spreadsheet. The current value of this stream of CFs is $1,544. What is the implied discount rate? Solve the problem using the following approaches: a. Use trial and error or Goal Seek in Excel (tab Data/What-if-Analysis). b. Use the excel built-in function RATE.
2. A certain product payment offers 30/25 / 18/ 5 discounts. What is the total net price rate? 3. What is the price difference if a net price of Php 1,456.80 has a single discount of 40 % and a discount series of 20 % , 15 % , 5 %. 4. Compare the discount offer between a discount series of 20 % ,15 % and 10 % and a single discount of 45 % 5. Which discount will you chose in buying the same brand of air conditioning unit of Php 10,800. A discount of 15 % and 5 % or a discount of 10 % , 8 % , and 5%.

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Best Electronics offers trade discounts of 30%, 20%, and 10% in sequence. If the list price of an item is $1,000, after all discounts. is the final price