### Trade Discount Calculation for Appliance Store PurchasesAn appliance store has purchased the following items. The task is to calculate the extended total after applying the trade discounts for each line item, the invoice subtotal, and the final invoice total. Ensure to round your answers to the nearest cent.#### Purchase Details| Quantity | Unit | Merchandise | Unit List | Trade Discounts | Extended Total ||----------|-------|--------------|-----------|-----------------|----------------|| 150 | ea. | Blenders | $39.95 | 20/15/15 | $ || 300 | ea. | Toasters | $37.88 | 20/10/10 | $ || 18 | doz. | Coffee Mills | $244.30 | 30/9/6 | $ || 12 | doz. | Juicers | $480.00 | 25/10/5 | $ |#### Total Calculation- **Invoice Subtotal:** $ - **Extra 5½% Volume Discount on Total Order:** - $ - **Invoice Total:** $ The table provides the details of quantities, units, merchandise types, unit prices, and the applicable trade discounts. The task is to fill in the extended total for each item and compute the overall invoice amounts, considering the additional volume discount.

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. Blenders Toasters doz. Coffee Mills doz. Juicers $39.95 $37.88 $244.30 Trade Discounts 20/15/15 20/10/10 30/9/6 $480.00 25/10/5 Extra 5-¹% volume discount on total order $ Invoice total $ $ Invoice subtotal $ $ - $ $ Extended Total

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. Blenders Toasters doz. Coffee Mills doz. Juicers $39.95 $37.88 $244.30 Trade Discounts 20/15/15 20/10/10 30/9/6 $480.00 25/10/5 Extra 5-¹% volume discount on total order $ Invoice total $ $ Invoice subtotal $ $ - $ $ Extended Total

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Subject: Acounting
es ! Required information [The following information applies to the questions displayed below.] The following are the sales transactions of EcoMart Merchandising. EcoMart uses a perpetual inventory system and the gross method. October 1 Sold merchandise for $2,000, with credit terms n/30, invoice dated October 1. The cost of the merchandise is $1,150. October 6 The customer in the October 1 sale returned $200 of merchandise for full credit. The merchandise, which had cost $115, is returned to inventory. October 9 Sold merchandise for $950 cash. Cost of the merchandise is $650. October 30 Received payment for the amount due from the October 1 sale less the return on October 6. Use the above transactions, to analyze each transaction by indicating its effects on the components of the income statement- specifically, identify the accounts and amounts (including + or -) for each transaction. Income Statement Components Sales (gross) Sales discounts Sales returns and allowances Net sales Cost…
2
Question 28 Use the following information to calculate figures in the table below. Manufacturer: S 60 net selling price. Marks up (Wholesaler: $ 20, Retailer: $ 40) Applicable VAT: 30% Calculation Manufacturer Wholesaler Retailer Customer Net VAT paid by the Manufacturer is: Net cost of sales Mark up Net selling price S 60 S 80 $ 120 VAT chargeable (309%) Gross selling price Accounting for VAT Due to Customs and Excise Recoverable from Customs and Excise subtract) Net VAT Paid by
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 $49.95 20/15/15 2$ ea. 400 ea. Toasters $37.88 20/10/10 $ 18 doz. Coffee Mills $244.30 30/9/6 $ 12 doz. Juicers $440.00 25/10/5 $ Invoice subtotal Extra 5-% volume discount on total order 24 Invoice total $
Help please
Joker Inc. has only two retail and two wholesale customers. Information relating to each customer for 2020 follows: (Click the icon to view the data.) Requirement Calculate customer-level operating income. Begin by calculating each customer's gross margin. Then calculate the operating income for each customer. (Use parentheses or a minus sign to enter a negative gross margin or a customer-level operating loss. Abbreviations used: cust = customer; oper. = operating.) Gross margin Customer-level operating income (loss) Wholesale West Region Wholesaler East Region Wholesaler Blake Inc. Retail Robin Corp
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.
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 ea. Blenders $39.95 20/15/15 $ 300 ea. Toasters $38.88 20/10/10 18 doz. Coffee Mills $244.30 30/9/6 12 doz. Juicers $480.00 25/10/5 Invoice subtotal Extra 5- % volume discount on total order - Invoice total %24 %24 %24 24