Solve ExtraBUS110Dr. Jo Ann RawleyPotential classwork for Chapter 2.41. A copy machine cost $2,990, after a discount of 30/12/5, What was the original list priceof this machine? Round to the nearest cent.2. Fairview Paint Supply offers contractors a trade discount of 15/20/15 on all paints andvarnishes. Find a contractors price for paints with a lotal list price of $434. Round tothe nearest cent.3. An invoice, dated May 8, for $549.38 has terms of 3/15, 2/20, 1/30, n/45, If you make apayment on June 3, what amount should you pay? Round to the nearest cent.4. The list price of Road Thunder Speakers is $120. If thc manufacturer offers tradediscounts of 30/10 and termis of 3/15, n/30, find the net cost of the speakers assuming alldiscounts are taken. Round tộ the nearest cent.5. An invoice is reccived from Westminster Office Machines for $492,90 with terms of6/15, dated March 1. (Assume partial payments are accepted and granted cash discountsif paid within the discount period.) If a partial payment of $155 is made on March 13,find the balance due on the invoice. Round to the nearest cent.

Answered: UIAWUER Tor Chapter 2,4 1. A copy…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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BUS110
Dr. Jo Ann Rawley
Potential classwork for Chapter 2.4
1. A copy machine cost $2,990, after a discount of 30/12/5, What was the original list price
of this machine? Round to the nearest cent.
2. Fairview Paint Supply offers contractors a trade discount of 15/20/15 on all paints and
varnishes. Find a contractors price for paints with a lotal list price of $434. Round to
the nearest cent.
3. An invoice, dated May 8, for $549.38 has terms of 3/15, 2/20, 1/30, n/45, If you make a
payment on June 3, what amount should you pay? Round to the nearest cent.
4. The list price of Road Thunder Speakers is $120. If thc manufacturer offers trade
discounts of 30/10 and termis of 3/15, n/30, find the net cost of the speakers assuming all
discounts are taken. Round tộ the nearest cent.
5. An invoice is reccived from Westminster Office Machines for $492,90 with terms of
6/15, dated March 1. (Assume partial payments are accepted and granted cash discounts
if paid within the discount period.) If a partial payment of $155 is made on March 13,
find the balance due on the invoice. Round to the nearest cent.

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Since there are multiple questions, we will answer only first question. If you want remaining question to be answered, please resubmit and specify the same.

Sellers are the persons who sells their products to the customers. Buyers are the persons who purchases and buys their product from the sellers.

Sellers provide various type of deductions and allowances to the buyers in order to persuade them. These are known as sales discounts.

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