Word Problem 7-38 (Algo) [LU 7-1 (1)] Rocky Mountain Chocolate Factory (RMCF) founder and president Frank Crail employs 220 people in 361 outlets in the United States, Canada, United Arab Emirates, Japan, and South Korea. If RMCF purchases 32.0 kilograms of premium dark chocolate at $18.70 per kilo, what is the net price with a 10/5 chain discount? Note: Do not round intermediate calculations. Round your answer to the nearest cent. Net price

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
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Word Problem 7-38 (Algo) [LU 7-1 (1)]
Rocky Mountain Chocolate Factory (RMCF) founder and president Frank Crail employs 220 people in 361 outlets in the United States,
Canada, United Arab Emirates, Japan, and South Korea. If RMCF purchases 32.0 kilograms of premium dark chocolate at $18.70 per
kilo, what is the net price with a 10/5 chain discount?
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
Net price
Transcribed Image Text:Word Problem 7-38 (Algo) [LU 7-1 (1)] Rocky Mountain Chocolate Factory (RMCF) founder and president Frank Crail employs 220 people in 361 outlets in the United States, Canada, United Arab Emirates, Japan, and South Korea. If RMCF purchases 32.0 kilograms of premium dark chocolate at $18.70 per kilo, what is the net price with a 10/5 chain discount? Note: Do not round intermediate calculations. Round your answer to the nearest cent. Net price
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