A dealer buys tooling machines from a manufacturer and resells them to its customers. a. The manufacturer
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A dealer buys tooling machines from a manufacturer and resells them to its customers.
a. The manufacturer sets a list or catalogue price of $12,000 for a machine. The manufacturer offers its dealers a 40 percent trade discount.
b. The manufacturer sells the machine under terms of FOB shipping point. The cost of shipping is $700.
c. The manufacturer offers a sales discount of 2/10, n/30. The sales discount does not apply to shipping costs.
What is the net cost of the machine to the dealer, assuming it is paid for within 10 days of purchase?
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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List price 12000 Less 40 percent trade discount 4800 Dealer price 7200 S...View the full answer
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I graduated from the University of North Texas with a Mathematics Degree. In that degree, I focused largely on Analysis and Statistics. These were my main depth areas. In doing so, I took all the offered Calculus courses and Statistics courses. In addition, I have taken other proof-based classes such as Abstract Algebra and Topology. As for subjects I enjoy tutoring, anything pertaining to Algebra, Calculus, or Statistics I am especially comfortable with. While at UNT, I tutored in the Math Lab where I gathered experience by tutoring all these subjects on a daily basis for all sorts of students. Currently, I am a Doctoral student at Texas State University doing their Mathematics Education program.
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