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

Calculate the net price factor ( as a % ) and net price ( in $ ) by using the complement method, round your answer to the nearest cent. List price is $1,244.25 Trade discount is 45.9% What is the Net Price Factor and what is the Net price ?
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
Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent $ Selling price 15.40 $ 52.00 Cost Dollar markup Percent markup on selling price %
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
answer the three questions and show the solution
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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%.
A buyer for a retail store negotiates discounts of 30%, 15%, and 5% (taken successively) on a certain mattress. If the mattress has in initial price of $904, what price will the buyer actually pay after the discounts are applied? (Round to the nearest cent.)
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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