What is the delivered price of the living room set

Reference no: EM131906867

Problem

Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount. Freight (FOB shipping point) of $50 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 2/10, n/30,ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25.

Reference no: EM131906867

Questions Cloud

Find the equation of the line : Find the equation of the line that is perpendicular to this line and passes through the point (-3,-2)

Compute the annual depreciation allowances : Compute the annual depreciation allowances and the resulting book values, using the straight-line depreciation method.

Why is budgeting important to an organization : Discuss the similarities and differences between static and flexible Budgeting and Capital budgeting. Why is budgeting important to an organization?

What future implications were discussed in the video : What causal factors were addressed in the video?Were budgetary or financial issues discussed in the video? If so, elaborate.

What is the delivered price of the living room set : What is the delivered price (including freight) of the living room set, assuming a cash discount of 2/10, n/30,ROG? The invoice had an April 8 date.

Find the amount of the loan she should ask : If she borrows the money for 10 months, find the amount of the loan she should ask for so that her proceeds are $750?

Discuss about the tax deductions or tax credits : Is this a good (i.e., proper) way for Congress to achieve economic objectives? Can you identify other tax deductions or tax credits that encourage particular.

Determining the financial transaction : A taxi driver plans to pick you up at the airport and drop you off at the bank so you can complete some financial transaction before you head home.

Discuss the basics of finance and personal finance : To the left, is a smooth, relatively flat path that appears to drop off at the end. However, it's hard to tell. To the right, the path is covered in sticks.

User Account

All Pages