The order qualified for quantity discount

Assignment Help Financial Management

Reference no: EM131072300

1. A wholesaler ordered 14 bolts of drapery fabric at $5.50 per yard. Each bolt had 60 yards. The order qualified for a quantity discount of 2%. The merchandise was shipped FOB factory; freight charges of $21.80 were prepaid. The invoice was dated March 18 with terms of 2/15, N/30. How much should be remitted if the invoice is paid on March 29?

2. A vendor who normally sells with a 3% cash discount is asked to sell with an 8% discount. What will be the loaded cost of merchandise normally selling for $968 when the invoice is loaded to allow the 8% discount?

3. Merchandise with a total price of $2,896 has discounts of 45% and 15% and is sold with a 3% cash discount. How much is saved when the discounts are taken?

4. Which is a better series of discounts for the RETAILER? A or B

A - 40%, 15% and 5%

B - 30%, 20% and 10%

5. Merchandise with a total billed cost of $876.48 arrived at the store October 6. Terms of the invoice, dated September 22, were 3/10 ROG, FOB store. Transportation charges were $9.82. If the invoice is paid on October 16, how much should be paid?

Reference no: EM131072300

Questions Cloud

Closely held stock in equipment leasing firm : Jack and his wife, Carol, were in an auto accident. Carol died three weeks before Jack did. His gross estate was $6.2 million. One of the major assets in his estate was closely held stock in an equipment leasing firm (C corporation) with which rapidl..

Modify the model so that the size of each rail fleet : Modify the model so that the size of each rail fleet can be constrained to a pre-specified upper limit. Find the smallest rail fleet size that results in an accept able service level.

What are the arithmetic and geometric returns for stock : A stock has had returns of −18.9 percent, 28.9 percent, 22.8 percent, −10.0 percent, 34.7 percent, and 26.9 percent over the last six years. Required: What are the arithmetic and geometric returns for the stock?

What profit will each make in this new situation : What profit will each make in this new situation?

The order qualified for quantity discount : A wholesaler ordered 14 bolts of drapery fabric at $5.50 per yard. Each bolt had 60 yards. The order qualified for a quantity discount of 2%. A vendor who normally sells with a 3% cash discount is asked to sell with an 8% discount. What will be the ..

Stock is consistent with these forecasts : Consider the following data for Nike Inc, in 2009 it had 19,250 million in sales with a 10% growth rate in 2010, but then slows by 1% to the long-run growth rate of 5% by 2015. Suppose you believe Nike's initial revenues growth rate will be between 7..

What is the nash equilibrium to this game : What is the Nash equilibrium to this game?

Rail cars per day in sum total over all products produced : Suppose that the capacity of Able plant is 62 rail cars per day in sum total over all products produced.

Which mortgage loan has the larger total cost : Consider the following pair of mortgage loan options for a ?$150, 000 mortgage. Which mortgage loan has the larger total cost? (closing costs? + the amount paid for points? + total cost of? interest)? By how? much? Mortgage A has a larger total cost ..

User Account

All Pages