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2. Standard Appliances obtains refrigerators for $1,570 less 26% and 9%. Standard's overhead is 18% of the selling price of $1,625. A scratched demonstrator unit
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Standard Appliances obtains refrigerators for $1,570 less 26% and 9%. Standard's overhead is 18% of the selling price of $1,625. A scratched demonstrator unit from their floor display was cleared out for $1,255. a. What is the regular rate of markup on cost? 0.00 % Round to two decimal places b. What is the rate of markdown on the demonstrator unit? 0.00% Round to two decimal places C. What is the operating profit or loss on the demostrator unit? 50.00 Round to the nearest cent d. What is the rate of markup on cost that was actually realized? 0.00 % Round to two decimal places Three invoices for the amounts of $34,200, $26,000, and $40,500 were received on June 22, 2014, July 22, 2014, and August 14, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on August 21, 2014 to settle all three invoices. $0.00 Round to the nearest cent Standard Appliances obtains refrigerators for $1,570 less 26% and 9%. Standard's overhead is 18% of the selling price of $1,625. A scratched demonstrator unit from their floor display was cleared out for $1,255. a. What is the regular rate of markup on cost? 0.00 % Round to two decimal places b. What is the rate of markdown on the demonstrator unit? 0.00% Round to two decimal places C. What is the operating profit or loss on the demostrator unit? 50.00 Round to the nearest cent d. What is the rate of markup on cost that was actually realized? 0.00 % Round to two decimal places Three invoices for the amounts of $34,200, $26,000, and $40,500 were received on June 22, 2014, July 22, 2014, and August 14, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on August 21, 2014 to settle all three invoices. $0.00 Round to the nearest centStep by Step Solution
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