Complete the following​ invoice, finding the net price using the single trade discount rate.QtyItemUnit priceList price3535Notebooks​$1.311.314545Looseleaf paper​$0.880.882525Ballpoint pens​$0.830.83Total list price3535​% trade discountNet priceFill​ in, rounding to the nearest cent as needed.QtyItemUnit priceList price3535Notebooks​$1.311.31​$nothing

Q: Trade Discounts Extended Quantity Unit Merchandise Unit List Total 150 ea. Blenders $69.95 20/15/15…

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Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

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Q: Calculate the net price factor and net price (in dollars). For convenience, round the net price…

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Q: A retailer purchases merchandise with a catalog list price of $34,900. The retailer receives a 24%…

A: Formula: Cash discount amount = Invoice amount x Discount rate

Q: Complete the following table: Note: Do not round net price equivalent rate and single equivalent…

A: Working : Net price equivalent rate (in decimals) = (1 - discount 1) x (1 - discount 2) x (1-…

Q: You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are “2/15,…

A: Term discount indicates that if the due amount is paid within the time specified in the term then…

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A:

Q: Complete the following table: Note: Do not round net price equivalent rate and single equivalent…

A: Net Price Equivalent Rates :— Net price equivalent rate is the rate that represents the net price…

Q: The net price of an item after trade discounts of 34.00%, 11.50%, and 5.50% is $1,700.00. a.…

A: Net price after discount = $1700Trade discount = 34%, 11.50%, 5.50%

Q: Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the…

A: EOM refers to "end of month". It means that discount is available for a particular number of days…

Q: Complete the following table: (Do not round net price equivalent rate and single equivalent discount…

A: The trade discount refers to the discount that a wholesaler provides to a retailer for the goods.…

Q: Calculate the trade discount (in $). Round your answer to the nearest cent.

A: Information Provided: List price = $365 Trade discount rate = 7%

Q: JIH took delivery of merchandise invoiced at $24,600.00 with terms cash 6, 2/40, n/60. Calculate the…

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Q: Complete the following table: (Do not round net price equivalent rate and single equivalent discount…

A: ANSWER:-    ITEM LIST PRICE CHAIN DISCOUNT NET PRICE EQUIVALENT RATE (in decimals) SINGLE…

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: Calculate the net price factor and net price (in dollars). For convenience, round the net price…

A: List price is the selling price recommended by the manufacturer to the retailer.

Q: Q. 7. Find the complement rates (where none exists, enter an "*") and the net price using the…

A: The amount at which a good or service is sold after deducting all discounts and adding all…

Q: Calculate the trade discount and net price (in $) to the nearest cent. List Price Trade Discount…

A:

Q: Easy Patterns Fabric buys merchandise with a list price of $9,500. Use the net price, complement…

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A: Understanding the payment terms: The payment terms of 2/10 and n/30 means the discount of 2% is…

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

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Q: The net price of an item after trade discounts of 34.00%, 13.00%, and 3.50% is $3,520.00. a.…

A: The objective of the question is to find the regular selling price of the goods and the equivalent…

Q: II. Find the trade discount and trade discount rate. Round to the nearest hundredth percent. Trade…

A: Solution: Trade discount is the discount given on listed price in the normal course of business. The…

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A: STEP1 The rate of return used to reduce future cash flows to their present value is known as a…