Question and answer
What is the net price factor for trade discounts of 25/15/10? (Points : 2.5)
PERFORMANCE OBJECTIVES: © 2009 Cengage Learning. All rights reserved. [ 7– 2 PERFORMANCE OBJECTIVES Section I The Invoice 7-1: Reading and understanding the parts of an invoice 7-2: Extending and totaling an invoice Section II Trade Discounts—Single 7-3: Calculating the amount of a single trade discount 7-4: Calculating net price by using the net price factor, complement method 7-5: Calculating
trade discount rate when list price and net price are known PERFORMANCE OBJECTIVES (cont’d): © 2009 Cengage Learning. All rights reserved. 7– 3 PERFORMANCE OBJECTIVES (cont’d) Section III Trade Discounts—Series 7-6: Calculating net price and the amount of a trade discount by using a series of trade discounts 7-7: Calculating the net price of a series of trade discounts by using the net price factor, complement method 7-8: Calculating the amount of a trade discount by using a single equivalent discount Section IV Cash Discounts and Terms of Sale 7-9: Calculating cash discounts and net amount due 7-10: Calculating net amount due, with credit given for partial payment 7-11: Determining discount date and net date by using various dating methods The Invoice: © 2009 Cengage Learning. All rights reserved. 7– 4 The Invoice invoice A document detailing a sales transaction, containing a list of goods shipped or services rendered, with an account of all costs. freight terminology F.O.B. —t erm used in quoting shipping charges meaning “free on board” or “freight on board.” F.O.B. shipping point Buyer pays transportation charges from the vendor’s location. F.O.B. destination Seller pays shipping changes to the buyer’s store or warehouse and then bills the buyer for these charges on the invoice. Exhibit 7-1 Typical Invoice Format: © 2009 Cengage Learning. All rights reserved. 7– 5 Exhibit 7-1 Typical Invoice Format Exhibit 7-2 Invoice Terminology and Abbreviations: © 2009 Cengage Learning. All rights reserved. 7– 6 Exhibit 7-2 Invoice Terminology and Abbreviations Exhibit 7-3 Freight Terminology: © 2009 Cengage Learning. All rights reserved. ]
Expert answered|karlen|Points 10|
Question
Asked 5/22/2013 12:26:00 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Fantasia Florist Shop purchases an order of imported roses with a list price of $2,375 less trade discounts of 15/20/20. What is the dollar amount of the trade discount? (Points : 2.5)
Weegy: Fantasia Florist Shop purchases an order of imported roses with a list price of $2,375 less trade discounts of 15/20/20. Equivalent single discount: d = 1- [(1-d1) (1-d2) (1-d3)] d = 1 - (.85*.8*.8) d= .456 Trade discount amount is $2,375*.456 = $1,083 User: Using your answer to the question above, what is the net dollar amount of that rose order? (Points : 2.5) Weegy: Simply deduct the discount amount to the list price. NDA= $2,375-$1,083= $1292 (More)
Question
Expert Answered
Updated 7/2/2014 9:40:52 PM
0 Answers/Comments
Convert to a percent: 17/25 (Points : 2) .68% 6.8% .068% 68%
Question
Not Answered
Updated 50 days ago|6/8/2015 2:45:09 AM
1 Answer/Comment
The fraction 17/25 converted to percent is 68%;

17/25 = 0.68 * 100 = 68%
Added 50 days ago|6/8/2015 2:45:09 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [6/8/2015 2:47:51 AM]
A discount store purchased some special product at a list price of $ 6,300. If the broker gives a 30.5% trade discount, what is the amount of the trade discount? (Points : 2) $1,921.50 $4,378.50 $2,950.00 $1,706.00
Question
Not Answered
Updated 7/2/2014 9:39:10 PM
1 Answer/Comment
A discount store purchased some special product at a list price of $6,300. If the broker gives a 30.5% trade discount, the amount of the trade discount is $1,921.50.

$6,300*30.5%=6,300*.305=$1,921.50
Added 7/2/2014 9:39:10 PM
This answer has been confirmed as correct, not copied, and helpful.
Convert to a percent: 4.44 (Points : 2)
Weegy: To convert from decimal to percentage, just multiply the decimal by 100, but remember to put the "%" sign so people know it is per 100. (More)
Question
Updated 358 days ago|8/3/2014 3:54:24 PM
1 Answer/Comment
4.44 converted to a percent is: 444%
Added 358 days ago|8/3/2014 3:54:22 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [8/3/2014 4:00:00 PM]
21,735,379 questions answered
Popular Conversations
Reduce the fraction 36/48 to its lowest terms. A. 1 1/4 B. ...
Weegy: C. 6/8 User: 15 ÷ 6 2/3 = ? A. 2 3/4 B. 100 1/4 C. 2 1/4 D. 100 Weegy: C. 6/8
7/27/2015 7:22:48 AM| 5 Answers
Write the equation of the line that is parallel to the line whose ...
Weegy: The equation of a vertical line that passes through the point ( 4, 4) is x = -4. User: What is the equation ...
7/27/2015 7:50:46 AM| 3 Answers
"earth-shaker"
7/27/2015 9:25:14 AM| 3 Answers
A tile factory earns money by a flat fee for delivery and a sales ...
Weegy: At 25 cents per tile, the sales price of 10,000 units is 10,000 * $0.25 = $2500 Since the factory got $3000, ...
7/27/2015 11:13:44 AM| 3 Answers
Evaluate |3 - 5 + 7|.
7/27/2015 7:27:49 AM| 2 Answers
find the product y^5 · y^3
Weegy: y + (y +3) = 60 2y + 3 = 60 2y = 60 - 3 2y = 57 y = 57/2 User: Find the product 8y^3(-3y^2)
7/27/2015 8:19:27 AM| 2 Answers
Weegy Stuff
S
1
L
Points 800 [Total 1311]| Ratings 1| Comments 790| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
P
L
Points 466 [Total 10000]| Ratings 2| Comments 426| Invitations 2|Offline
S
L
L
Points 307 [Total 8507]| Ratings 5| Comments 257| Invitations 0|Offline
S
Points 180 [Total 180]| Ratings 0| Comments 180| Invitations 0|Offline
S
Points 166 [Total 166]| Ratings 1| Comments 156| Invitations 0|Offline
S
1
L
L
Points 74 [Total 8454]| Ratings 0| Comments 74| Invitations 0|Offline
S
Points 58 [Total 58]| Ratings 0| Comments 58| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 3| Comments 20| Invitations 0|Offline
S
Points 40 [Total 40]| Ratings 2| Comments 20| Invitations 0|Offline
S
Points 13 [Total 108]| Ratings 1| Comments 3| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.