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Lopez Furniture manufactures barstools and sells them through retailers. The stools have a list price of $179. In selling the product, Lopez grants two discounts
Lopez Furniture manufactures barstools and sells them through retailers. The stools have a list price of $179. In selling the product, Lopez grants two discounts or allowances. The first of these is a 15% discount on orders of more than 30 units. This is given on 25% of the firm's business and appears on its invoicing system. They also give an allowance of 12% for cooperative advertising. This is not shown on the invoicing system. It is completed in separate procedures that involve customers submitting advertisements for approval. Upon investigation, the Lopez marketing manager finds that 70% of customers take advantage of this advertising allowance. 10. What is the invoice price? 11. What is the net price? 12. What is the price waterfall %? Lopez Furniture manufactures barstools and sells them through retailers. The stools have a list price of $179. In selling the product, Lopez grants two discounts or allowances. The first of these is a 15% discount on orders of more than 30 units. This is given on 25% of the firm's business and appears on its invoicing system. They also give an allowance of 12% for cooperative advertising. This is not shown on the invoicing system. It is completed in separate procedures that involve customers submitting advertisements for approval. Upon investigation, the Lopez marketing manager finds that 70% of customers take advantage of this advertising allowance. 10. What is the invoice price? 11. What is the net price? 12. What is the price waterfall %
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