Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9,500 with trade discounts of 25/14/6. (a) What is the net price factor?     (b) What is the single equivalent discount?     (c) What is the amount (in dollars) of the trade discount?     (d) What is the net price (in dollars) of the order?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9,500 with trade discounts of 25/14/6.

(a) What is the net price factor?
 
 
(b)
What is the single equivalent discount?
 
 
(c)
What is the amount (in dollars) of the trade discount?
 
 
(d)
What is the net price (in dollars) of the order?
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