Homework Answers
Solution:
Net purchase costs:
a. ($21,400 - $1,100) = $20,300
b. ($10,600 + $400 - $1,300) - ($10,600 - $1,300)*2% = $9,514
c. ($5,800 - $500) * 98% = $5,194
d. ($4,200 + $200 - $600) - ($4,200 - $600)*2% = $3,728
e. $2,800*99% = $2,772
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