A household appliance dealer buys refrigerators from a manufacturer and resells them to its customers. a. The
Question:
A household appliance dealer buys refrigerators from a manufacturer and resells them to its customers.
a. The manufacturer sets a list or catalogue price of \(\$ 2,500\) for a refrigerator. The manufacturer offers its dealers a 30 percent trade discount.
b. The manufacturer sells the machine under terms of FOB destination. The cost of shipping is \(\$ 240\).
c. The manufacturer offers a sales discount of \(2 / 10, n / 30\). Sales discounts do not apply to shipping costs.
What is the net cost of the refrigerator to the dealer, assuming it is paid for within 10 days of purchase?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Financial Accounting
ISBN: 9780538755160
11th Edition
Authors: Belverd E Needles, Marian Powers
Question Posted: