A household appliance dealer buys refrigerators from a manufacturer and resells them to its customers. a. The

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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 $1,000 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 $100.

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 ten days of purchase? E-3

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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Question Posted: Jun 12, 2024 10:09 AM

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A household appliance dealer buys refrigerators from a manufacturer and resells them to its customers. a. The

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Financial Accounting

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