Solution-Calculate the discount rate croft co

Calculate the discount rate croft co

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Reference no: EM13849946

Discounts

Each of the following situations involves the use of discounts:

1. How much discount may SEALS Inc. take in each of the following transactions? What was the rusted i calculating the annualized rate use 360 days?

a. SEALS purchases inventory costing $900, 2/15, n/45.

b. SEALS purchases new office furniture costing $2,600, terms 1/10, n/30. s

2. Calculate the discount rate CROFT Co. received in each of these transactions.

a. CROFT purchased office supplies costing $800 and paid within the discount period with a check f or $738 with a check for $3,900

b. CROFT purchased merchandise for $4,000. It paid within the discount period with a check for $3,900.

Reference no: EM13849946

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Calculate the discount rate croft co

Reference no: EM13849946

Reference no: EM13849946

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