Zone Question: 7Tech Zone Store offers volume discounts: 0-100 units at $50each, 101-200 units at $45 each, over 200 units at $40 each. Ifa customer orders 250 units, their total purchase cost is?

To calculate the total purchase cost for 250 units based on the given pricing tiers, we need to…

Answered: Question: 7 Tech Zone Store offers…

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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Similar questions

You place an order for 310 units of inventory at a unit price of $160. The supplier offers terms of 1/15, net 90. a-1. How long do you have to pay before the account is overdue? Days until overdue days a-2. If you take the full period, how much should you remit? (Omit "$" sign In your response.) Remittance $ b-1. What is the discount being offered? Discount offered Remittance b-2. How quickly must you pay to get the discount? Number of days days b-3. If you do take the discount, how much should you remit? (Omit "$" sign in your response.) %6 $ c-1. If you don't take the discount, how much interest are you paying implicitly? (Omit "$" sign in your response.) Implicit interest $ c-2. How many days' credit are you receiving? Days' credit days
USE GOOGLE SHEET Use the template below and create your own invoice for purchased products of a VAT registered customer. The products are enumerated below with unit price at gross of VAT, a 3% discount has been given to the customer. Do all formulas required. Format the invoice for clarity.
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.) Quantity Unit Merchandise Unit List 150 300 18 12 ea. ea. doz. Blenders Toasters Coffee Mills doz. Juicers $39.95 Trade Discounts $244.30 20/15/15 $37.88 20/10/10 30/9/6 $480.00 25/10/5 Invoice subtotal LA 1 Extra 5 % volume discount on total order $ 2 Invoice total $ +A Extended Total
Multiple choice
Question 2 Solve the problem. Round to the nearest cent. The list price of a keyboard is $597. If the series discount offered is 10/25/35, what is the net cost after trade discounts OA. $261.93 O B. $335.07 Oc. $179.10 OD. $417.90
What is the selling price of a dining room set at Macy's? Assume actual cost is $840 and 55% markup on selling price. (Round your answer to the nearest cent.) Selling price %$4
what is the total price of the first invoice that activates the chain discount?
You place an order for 470 units of inventory at a unit price of $175. The supplier offers terms of 2/15, net 90. a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. What is the discount being offered? b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. If you don't take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. How many days' credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-1. Days until overdue a-2. Remittance b-1. Discount offered b-2.…
Use the complement method to find the net price of 48 glasses that cost $145 if the company offers a 40% trade discount rate? A. $45 B. $65 C. $78 D. $87
Look at the question below
Subject: Acounting
Assume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.) Selling price Dollar Item Markup percent Cost markup Canon scanner 2$ 105 40 %

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Question: 7 Tech Zone Store offers volume discounts: 0-100 units at $50 each, 101-200 units at $45 each, over 200 units at $40 each. If a customer orders 250 units, their total purchase cost is?