you sell an item for $200 with 5% sales discount what is the entry?
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Your company is considering changing terms to offer a discount. The average price of the products you sell is $10.00. You will allow customers who pay with 15 day to continue to pay $10. But those who do not take the discount and take an additional 10 days to pay will pay $10.25 for each product. The average default rate is 3%. The discount rate you will use for this problem is 0.75%. The units sold are expected to increase...
A company offers customer discount based on the following rules: Club member: • Total sales < 200 : 5% discount • Total sales >=200: 7% discount. Non member: • Total sales <= 500: no discount • Total sales > 500: 5% discount Complete the following program to compute and show the discount and net pay. member=input(‘Are you a member?(y/n)) amount= float(input('Enter total sales:')) Thanks!
for example if you buy 200 shares from market what is price or if you sell 150 shares at market what is price IBS Investments on-line midterm prep with calculations - Protected View - Saved to this PC Doğukan Kara DK Share Slide Show Review View Help Search ses. Unless you need to edit its safer to stay in Protected View. Example - Market orders AIBS Ask Quantity ask Quantity Bid bid 200 120 150 118 400 115 121 122...
what is the journal entry for when a customer returns an item purchased for $250 and you refund cash
Multiple Choice Questions: Regarding Sales Discount & Sales Returns & Allowances, which of the following is true? Question 1 options: For the potential sales returns occurring in the near future, we created the account "Refunds Payable" to capture the estimated amount of cost of inventory that will be returned in the near future. When the actual return happens, we Debit "Refunds Payable" to decrease it in one journal entry, and in another journal entry we Credit "Estimated Returns Inventory" to...
if you sell 200 products less. Have 50 products remaining in inventory and expect to sell 500 products. How many products should you manufacture? 200 products last period*
(Sales price is $100, sales tax is $7.25 and the item sold has a cost of $75 what would be the journal entry for this transaction.
Options: 1. market; stop-loss; limit 2. sell; buy You sell 200 shares of a stock short for $46 per share. You want to limit your loss on this transaction to no more than $1,300. What order should you place? You should place order to 200 shares at s(Choose the correct answer from each drop-down menu and round to the nearest dollar.)
Write a C++ program that calculates the discount of the original price of an item and displays the new price, and the total amount of savings. This program should have a separate header (discount.h), implementation (discount.cpp) and application files (main.cpp). The program must also have user input: the user must be prompted to enter data (the original price, and the percent off as a percentage). There must also be a validation, for example: Output: “Enter the original price of the...
Before you begin the bond, determine if the bond will sell at a discount, a premium, or at par. Find the price of the floowing bond: Coupon rate of 8.75% pays semiannual coupons, Face value of $1000 risk-adjusted rate of 8.0%, and 10 years to maturity