Compute the amount of the trade discount and the net price using the discount method. Round...
Compute the amount of the trade discount and the net price using the discount method. Round your answers to two decimal places.
| List Price | Trade Discount | Discount Amount | Net Price | |
| a. | $845 | 15% | $ | $ |
| b. | $2,450 | 35% | $ | $ |
| c. | $1,095 | 25% | $ | $ |
Homework Answers
| List Price | Trade Discount | Discount Amount | Net Price | |
| a. | $845 | 15% | $126.75 | $718.25 |
| b. | $2,450 | 35% | $857.5 | $1592.5 |
| c. | $1,095 | 25% | $273.75 | $821.25 |
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Compute the amount of the trade discount and the net price using the discount method. Round...
Compute the amount of the trade discount and the net price using the discount method. List...
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Compute the discount date, the due date, the amount of discount and amount of the remittance...
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Compute the discount date, the due date, the amount of discount and amount of the remittance...
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ct to trade discount of 10% and with credit terms of 2015, 1/60. It returned $1,000 (gross price before trade or...
ct to trade discount of 10% and with credit terms of 2015, 1/60. It returned $1,000 (gross price before trade or Wildhorse Industries purchased $8,300 of merchandise on February 1, 2020, w cash discount) on February 4. The invoice was paid on February 13 Assuming that Wildhorse uses the perpetual method for recording merchandise transactions, record the purchase, retum, and payment using the gross method. If no antry required, select "No entry for the accounts and enter for the amounts....
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Sweet Industries purchased $11,300 of merchandise on February 1, 2017, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,600 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Assuming that Sweet uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter o...
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Blossom Industries purchased $9,000 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,900 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct. Assuming that Blossom uses the perpetual method for recording merchandise transactions, record the purchase, return, and...
5 Points] DETAILS BRECMBC9 7.11.006. MY NOTES Calculate the trade discount and net price in $) to the nearest cent. List Price Trade Discount Rate Trade Discount Net Price $283.00 25% $ $ Need Help? Read it Talk to a Tut: [-15 Points) DETAILS BRECMBC9 7.11. TB.002. MY NOTES ASK A discount store purchased some special product at a list price of $6,700. If the broker gives a 20.5% trade discount rate, what is the amount of the trade discount?...
ct to trade discount of 10% and with credit terms of 2015, 1/60. It returned $1,000 (gross price before trade or Wildhorse Industries purchased $8,300 of merchandise on February 1, 2020, w cash discount) on February 4. The invoice was paid on February 13 Assuming that Wildhorse uses the perpetual method for recording merchandise transactions, record the purchase, retum, and payment using the gross method. If no antry required, select "No entry for the accounts and enter for the amounts....
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