Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500 receive a 10% discount, over $750 a 15% discount, over $1,000 a 20% discount. All orders $1,500 and above receive a 25% discount. The delivery charge is $76 on weekdays and $124 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $863.50. Note: Round all intermediate calculations to two decimal places (the nearest penny) and enter your final answers rounded to two decimal places. Required: a. Calculate the trade discount and the net price for the flowers to be delivered. Answer is complete and correct. $ 129.52 $ 733.98 Trade discount Net price b. How much does WeddingsRUs owe if they pay the invoice on July 10? Answer is complete but not entirely correct. Payable amount $ 751.25 X
Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500 receive a 10% discount, over $750 a 15% discount, over $1,000 a 20% discount. All orders $1,500 and above receive a 25% discount. The delivery charge is $76 on weekdays and $124 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $863.50. Note: Round all intermediate calculations to two decimal places (the nearest penny) and enter your final answers rounded to two decimal places. Required: a. Calculate the trade discount and the net price for the flowers to be delivered. Answer is complete and correct. $ 129.52 $ 733.98 Trade discount Net price b. How much does WeddingsRUs owe if they pay the invoice on July 10? Answer is complete but not entirely correct. Payable amount $ 751.25 X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500
receive a 10% discount, over $750 a 15% discount, over $1,000 a 20% discount. All orders $1,500 and
above receive a 25% discount. The delivery charge is $76 on weekdays and $124 on weekends. Terms are
2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen
flowers totals $863.50.
Note: Round all intermediate calculations to two decimal places (the nearest penny) and enter your
final answers rounded to two decimal places.
Required:
a. Calculate the trade discount and the net price for the flowers to be delivered.
Answer is complete and correct.
$
$
Trade discount
Net price
129.52
733.98
b. How much does WeddingsRUs owe if they pay the invoice on July 10?
Answer is complete but not entirely correct.
Payable amount
$ 751.25](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd6d44b97-ed8e-4bbf-b458-eb1f9584d350%2F87646ea3-6c17-4583-bf12-833cf5efb95c%2F2am010w9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500
receive a 10% discount, over $750 a 15% discount, over $1,000 a 20% discount. All orders $1,500 and
above receive a 25% discount. The delivery charge is $76 on weekdays and $124 on weekends. Terms are
2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen
flowers totals $863.50.
Note: Round all intermediate calculations to two decimal places (the nearest penny) and enter your
final answers rounded to two decimal places.
Required:
a. Calculate the trade discount and the net price for the flowers to be delivered.
Answer is complete and correct.
$
$
Trade discount
Net price
129.52
733.98
b. How much does WeddingsRUs owe if they pay the invoice on July 10?
Answer is complete but not entirely correct.
Payable amount
$ 751.25
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