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 $81 on weekdays and $119 on weekends. Terms are EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $1,038.50. Note: Round all intermediate calculations to 2 decimal places (the nearest penny) and enter your final answers rounded to 2 decimal places. a. Calculate the trade discount and the net price for the flowers to be delivered. Trade discount Net price
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 $81 on weekdays and $119 on weekends. Terms are EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $1,038.50. Note: Round all intermediate calculations to 2 decimal places (the nearest penny) and enter your final answers rounded to 2 decimal places. a. Calculate the trade discount and the net price for the flowers to be delivered. Trade discount Net price
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 $81 on
weekdays and $119 on weekends. Terms are EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on
the chosen flowers totals $1,038.50.
Note: Round all intermediate calculations to 2 decimal places (the nearest penny) and enter your final answers rounded to 2
decimal places.
a. Calculate the trade discount and the net price for the flowers to be delivered.
Trade discount
Net price
b. How much does WeddingsRUs owe if they pay the invoice on July 10?
Payable amount
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