What are the amount of trade discount and the net price

Assignment Help Accounting Basics
Reference no: EM132723238

Problem 1: If a retailer paid RO 450 after a discount of RO 150 on the list price, calculate the list price and rate of discount.

Problem 2: The selling price of a smart phone is RO 870. The manufacturer offers its dealers a 25% trade discount. What are the amount of trade discount and the net price?

Problem 3: The list price of equipment is RO 45,000. The chain discount is 20/15/10. Calculate the Net price.

Reference no: EM132723238

Questions Cloud

Find out the amount paid : ROG has been received. The goods are received on October 18, 2020. The amount is paid on October 29, 2020. Find out the amount paid.
Decision-making in wide variety of fields : The scientific method is useful in problem solving and decision-making in a wide variety of fields.
Maximize customer exposure to products : maximize customer exposure to products
Find the single discount equivalent and the net price : A product is sold for RO 15,000 dated June 10, and terms of payment 4/10, n/30 has been received. Find the amount if the bill is paid on June 21?
What are the amount of trade discount and the net price : The selling price of a smart phone is RO 870. The manufacturer offers its dealers a 25% trade discount. What are the amount of trade discount and the net price?
Nursing ethics : Discuss one experience from your practice in which the collaboration between two components of the healthcare team positively impacted a patient's outcome.
What is the optimal order size : Mr. X is considering starting a new business of selling hoodies with IU-logo. The annual demand is 1200. Assume that demand is perfectly steady throughout time
Calculate total trade discount and net price : The wholesaler offered a trade discount of 10%. If the retailer bought 300 units, calculate Total Trade Discount & Net Price. Provide the solution.
Make the stockholders equity section of the balance sheet : Common stock subscriptions receivable $5,000 and Retained earnings 35,000. Make the stockholders' equity section of the balance sheet

Reviews

Write a Review

Accounting Basics Questions & Answers

  Dotsero technology inc has a job-order costing system the

dotsero technology inc. has a job-order costing system. the company uses predetermined overhead rates iin apply

  Determine the amount of goodwill

On January 1, 2010, Glenville Co. acquired an 80% interest in Acron Corp. for $500,000. Determine the amount of goodwill to be recognized in this acquisition

  How many units of each product should be produced

The Spartan Manufacturing Company produces products A, B, and C. In what order should Spartan allocate manufacturing hours to each product? How many units of each product should be produced each week

  How much will each partnerreceive before paying liabilities

If the Other Assets are sold for $10,000, how much will each partnerreceive before paying liabilities and distributing the remainingassets?

  Question - Perform a bank reconciliation

Question - Perform a bank reconciliation. Reconcile Jack Steel's month end cash balance as of 31 Jul 2019 and Bank charges for the month of July were $40

  Determine the cost per equivalent unit of conversion

Use this information to determine the cost per equivalent unit of conversion for the month of March

  How can investing in the capital market help to come up

How can investing in the capital market help to come up with a better future for all? The Capital Markets Association Zambia (CMAZ) Essay Competition

  Using job order costing determine the product unit cost

using job order costing determine the product unit cost based on the following costs incurred during march liability

  Compute contribution margin per unit

Dollar sales volume to produce income of $864,000 before taxes, Number of units that must be sold to break-even

  Prepare an income statement

Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2009

  What advice would you give management

ACC10707 Advise management on your recommendation regarding purchase of the machine subsequent to your NPV calculations - What advice would you give management

  Business asset depreciation

What is the book value at the end of years one and two using the 150%declining balance method?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd