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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? Theinvoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April25. Ans:List price = $4000Trade Discount = 55%Net Price = $4000*(1-.55) =$1800As Levin paid the invoice within 10 days of ROG, hence he will get 2% discount.So net invoice amount = $1800*(1-.02) =$1764Freight amount = $50Delivered price = $50 + $1764 = $181430. Royal Furniture bought a sofa for $800. The sofa had a $1,400 list price. What was the tradediscount rate Royal received? Round to the nearest hundredth percent.
A project will require the investment of $108,000 in equipment (straight-line depreciation with a depreciable life of 8 years and zero salvage value) and $25,000 in raw materials (not depreciable). Net annual project income before-tax depreciation wi..
suppose the canadian dollar c price of one british pound is c2.12. a hotel room in london costs 120 pounds while a
Use method of Lagrange multipliers to find the cost function c(r,w,y). Find out the average and marginal cost. Find out the interpretation of the Lagrange multiplier in part (a)? What is the importance of term (a+b) being less than, equal to, or grea..
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About the topic of national debt, it just likes we lent money from our offspring. Most of us think the debt is bad.
Derive the quantity produced by each firm in the long-run equilibrium and what is the long-run equilibrium price
two firms compete in the emerging market for energy drinkscold medicine hybrids that feature caffine alcohol and cough
You recently acquired a bakery on the main downtown street. There is another bakery not far away. Otherwise, you face no real competition. At this point, you are still unclear about the personality and management style of the owner of the other ba..
What is the opportunity cost of working at the internship and it is unreasonable that companies must pay an average of $15,000 per year to provide health insurance for an employee and their family.
joe enjoys fishing amp goes out about 20 times per year. one day sara told him that fishing is too expensive of a
Stan Money maker needs 15 gallons of gasoline to top off his automobiles’ gas tank. If he drives an extra eight miles (round trip) to a gas station on the outskirts of town, Stan can save $0.10 per gallon on the price of gasoline.
Think the market for personal computers. Assume that the demand is constant : the demand curve does not change. Predict the effects of the following changes on the equilibrium price of computers.
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