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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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
Calculate the net present value of the machine assuming a 6% discount rate. (If the net present value is negative, use either a negative sign preceding the number eg-45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124. Round present value answer to O decimal places, e.g. 125.) Net Present Value $ Should the company buy the machine based on your results? Further investigation reveals that there would be a sales increase of $7,000 annually as a result of an increase in quality from the customer's perspective and a cost reduction of $2,800 annually as a result of lower warranty claims. Considering these additional facts, calculate the Net Present Value of the machine. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124. Round present value answer…
Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List Price TradeDiscountRate Net PriceFactor SingleEquivalentDiscount TradeDiscount Net Price $9,800.00 15/6/6 __________ __________ $ ______ $ _______
You buy goods at a list price of $1,100. If you receive a trade discount of 30% and terms are “2/15, n/45,” what amount must you pay if you pay within the discount period?
What is the IRR and NPV of the below CFs if discount rate is 12%. (Calculate in excel equation. $350, 000, $56, 000, $39,000, $298,000, $82, 000, $190, 765, S3, 000) $1,000)
What is the 30-day forward premium/discount for GBP/CNY if the spot is 0.95 and the 1-month forward rate is 1.45. Please provide your answer in %.
Calculate the trade discount (in $). Round your answer to the nearest cent.
Sheffield Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isn't equipped to do. Estimates regarding each machine are provided below. Original cost Estimated life Salvage value Estimated annual cash inflows Estimated annual cash outflows Machine A $74,600 8 years 0 $20,400 $5,130 Machine B $182,000 8 years 0 $39.900 $9,880
Selling price = $750; reduced (New) price = $600. Find the markdown amount and the rate of markdown. CH The markdown amount is S The rate of markdown is %. (Type an integer or decimal rounded to the nearest tenth as needed.)
Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List Price: $650.70 Trade Discount Rate: 31/15/5
You have estimated spot rates as follows: r1 = 6.80%, r2 = 7.20%, r3 = 7.50%, r4 = 7.70%, r5 = 7.80%. a. What are the discount factors for each date (that is, the present value of $1 paid in year t)? (Do not round intermediate calculations. Round your answers to 3 decimal places.) b. Calculate the PV of the following $1,000 bonds assuming an annual coupon and maturity of : (i) 6.8%, two-year bond; (ii) 6.8%, five-year bond; and (iii) 11.8%, five-year bond. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
You have estimated spot rates as follows: r₁ = 6.10%, r2 = 6.50%, r3 = 6.80 %, r4 = 7.00 %, r5 = 7.10%. a. What are the discount factors for each date (that is, the present value of $1 paid in year t)? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Year 1 2 3 4 5 Discount Factors b. Calculate the PV of the following $1,000 bonds assuming an annual coupon and maturity of: (i) 6.1%, two-year bond; (ii) 6.1%, five- year bond; and (iii) 11.1%, five-year bond. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b-i 6.10%, two-year bond b-ii 6.10%, five-year bond b-iii 11.10%, five-year bond Present Value

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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