Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent.) Item Samsung Blu-ray player List price $ 214 Chain discount 8/7/4 Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals) Trade discount $ 17.86 $ Net price 175.77

Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent.) Item Samsung Blu-ray player List price $ 214 Chain discount 8/7/4 Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals) Trade discount $ 17.86 $ Net price 175.77

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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Solve for the missing numbers.Markup is based on selling price. Round dollar amounts to the nearest cent. 54% C $ ? ? % M$ ? 100% S $55.38 O A. O C. 54% C $80.85 154% M $25.47 100% S $55.38 54% C $29.91 154% M $25.47 100% S $55.38 O B. O D. 54% C $29.91 46% M $25.47 100% S $55.38 54% C $25.47 46% M $29.91 100% S $55.38
NOTE: DONT USE EXCEL AND SHOW YOUR SOLUTION.
Cullumber Corp. sells its goods with terms of 3/10 EOM, net 45. What is the implicit cost of the trade credit? (Do not round itermediate calculations. Use 365 days for calculation. Round answer to 2 decimal places, e.g. 12.25%.) The implicit cost of the trade credit is My answer was wrong ... can someone help me with this please?
please send correct answer Q2
Complete the following table: (Do not round intermediate calculations. Round your final answers to the nearest cent.) Item List price Chain discount Net price Trade discount Sony digital camera $333 6/5/3 %24 2$ hp
Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent.) Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals) Chain discount Trade discount Item List price Net price Samsung Blu-ray player %24 213 7/4/2 6.000000 1.000000 186.00 $4 27.00 .... M
Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Trade Extended Quantity Unit Merchandise Unit List Discounts Total 150 Blenders $39.95 20/15/15 24 ea. 400 ea. Toasters $37.88 20/10/10 2$ 18 doz. Coffee Mills $244.30 30/9/7 2$ 12 doz. Juicers $440.00 25/10/5 2$ Invoice subtotal 2$ Extra 5% volume discount on total order $ Invoice total 2$
A computer lists for $ 600. 1. Find the trade discount if a discount rate of $ 10 is offered. 2. Find the net price. 3. Find the net price rate. 4. Use the net price rate to recalculate the net price.
II. Multiple Discount (using Discount & Complement Method) 1. In Landers Superstore - Alabang having a march sales in all electronic gadgets the list price of Huawei Mate Pad 10.4 priced at 20,000 subject to 15%, 10%, 5%, and 3% trade discounts. Find the following: a) Net Price (Discount & Complement Method) b) Trade Discount
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Calculate the missing information for the following purchases. Sales Tax Excise Sales Excise Tax Rate Rate Tax Tax 5% Item) Selling Price Sofa $750.00 $109.99 6% A/ A/ A/ Please enter $15.12 for total3 0% $0.00 A/ Book 0% $0.00 5% Total Purchase Price A/ A/ 8% Tire A $15.12