Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE ANSWER ALL QUESTIONS. THANKS. 8. Solve for the amount of discount and amount due. Invoice amt: $293.41 Invoice date: Sept 13 Terms: 3/11 EOM

PLEASE ANSWER ALL QUESTIONS. THANKS.

8. Solve for the amount of discount and amount due. Invoice amt: $293.41 Invoice date: Sept 13 Terms: 3/11 EOM Goods rec'd: Sept 16 Date paid: Oct 9

Amount of discount: $8.50; amount due: $282.41

Amount of discount: $0; amount due: $293.41

Amount of discount: $8.80; amount due: $284.61

Amount of discount: $32.28; amount due: $261.13

9. Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent. A local dealer sells baseballs for $25 each. If $3.92 is the markup, what is the cost and the markup on cost?

$28.92, 13.6%

$25.00, 15.7%

$21.08, 18.6%

$21.08, 84.3%

10. Using complements (with respect to 1) of the single discounts, find the net cost equivalent for the following discount. 5/5

a. 0.0975

b. 0.1

c. 0.025

d. 0.9025

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The TL 9000 Guide For Auditors

Authors: Mark Kempf

1st Edition

087389510X, 978-0873895101

More Books

Students also viewed these Accounting questions

Question

=+ (b) Define a set function v, on , by (11.6) "o (f, g] = A(g-f).

Answered: 1 week ago