Majestic Manufacturing sold Jordans Furniture a living room set for an $8,580 list price with 30% trade discount. The $140 freight (FOB shipping point) was not part of the list price. Terms were 3/10, n/30 ROG. The invoice date was June 07. Jordans received the goods on July 26 and paid the invoice on July 28. What was the final price (include cost of freight) of the living room set? (Round your answer to the nearest cent.) Final price 6,146.00 %24
Majestic Manufacturing sold Jordans Furniture a living room set for an $8,580 list price with 30% trade discount. The $140 freight (FOB shipping point) was not part of the list price. Terms were 3/10, n/30 ROG. The invoice date was June 07. Jordans received the goods on July 26 and paid the invoice on July 28. What was the final price (include cost of freight) of the living room set? (Round your answer to the nearest cent.) Final price 6,146.00 %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Not sure on how to break it down to figure out the answer
![Majestic Manufacturing sold Jordans Furniture a living room set for an $8,580 list price with 30% trade discount. The $140
freight (FOB shipping point) was not part of the list price. Terms were 3/10, n/30 ROG. The invoice date was June 07.
Jordans received the goods on July 26 and paid the invoice on July 28. What was the final price (include cost of freight) of
the living room set? (Round your answer to the nearest cent.)
Final price
6,146.00
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3f700f5c-8a94-4d69-b585-3d10e38f5c60%2F87e30e04-78b9-45e2-8c3f-d5f453cd343e%2Fklloodb.jpeg&w=3840&q=75)
Transcribed Image Text:Majestic Manufacturing sold Jordans Furniture a living room set for an $8,580 list price with 30% trade discount. The $140
freight (FOB shipping point) was not part of the list price. Terms were 3/10, n/30 ROG. The invoice date was June 07.
Jordans received the goods on July 26 and paid the invoice on July 28. What was the final price (include cost of freight) of
the living room set? (Round your answer to the nearest cent.)
Final price
6,146.00
%24
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