Check my w Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500 receive a 10% discount, over $750 a 15% discount, over $1,000 a 20% discount All orders $1,500 and above receive a 25% discount. The delivery charge is $70 on weekdays and $105 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $1,148.50. (Round all intermediate calculations to two decimal places (the nearest penny) and enter your final answers rounded to two decimal places.) a. Calculate the trade discount and the net price for the flowers to be delivered. Trade discount 229.70 Net price 918.80 b. How much does WeddingsRUs owe if they pay the invoice on July 10? Payable amount

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 10PA: Sports Socks has a policy of always paying within the discount period and each of its suppliers...
icon
Related questions
Question
Please help with b
Check my ww
Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500 receive a 10% discount, over
$750 a 15% discount, over $1,000 a 20% discount All orders $1,500 and above receive a 25% discount. The delivery charge is $70 on
weekdays and $105 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on
the chosen flowers totals $1,148.50. (Round all intermediate calculations to two decimal places (the nearest penny) and enter your
final answers rounded to two decimal places.)
a. Calculate the trade discount and the net price for the flowers to be delivered.
Trade discount
229.70
Net price
918.80
b. How much does WeddingsRUs owe if they pay the invoice on July 10?
Payable amount
Transcribed Image Text:Check my ww Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500 receive a 10% discount, over $750 a 15% discount, over $1,000 a 20% discount All orders $1,500 and above receive a 25% discount. The delivery charge is $70 on weekdays and $105 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $1,148.50. (Round all intermediate calculations to two decimal places (the nearest penny) and enter your final answers rounded to two decimal places.) a. Calculate the trade discount and the net price for the flowers to be delivered. Trade discount 229.70 Net price 918.80 b. How much does WeddingsRUs owe if they pay the invoice on July 10? Payable amount
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Emergency Fund
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
PAYROLL ACCT., 2019 ED.(LL)-TEXT
PAYROLL ACCT., 2019 ED.(LL)-TEXT
Accounting
ISBN:
9781337619783
Author:
BIEG
Publisher:
CENGAGE L
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage