Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent.) Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals List Chain discount Item price $204 Samsung Blu-ray player 8/5/3 Trade discount Net price 2$ 24
Q: Karane Enterprises, a calendar-year manufacturer based in College Station, Texa business in 2019. In...
A: Taxable income refers to the income gained by an entity on which the authorised government levied a ...
Q: A bond is sold at $98 of its face value ($100). Therefore, the bonds are: A) Sold at a discount beca...
A: The Bonds are source of financing which can be issued at discount or par or at premium. When Issue p...
Q: Required 1 Required 2 Required 3 Required 4 The following actual activity usage produced 10,000 Pup ...
A: In activity-based costing, first, we compute the overhead absorption per unit of activity. Then usin...
Q: Closing entries transfer the balances of the permanent accounts to the temporary accounts. Select ...
A: The permanent accounts will usually appear in the post-closing trial balance. The temporary account ...
Q: The business manufactures custom patios made of concrete, brick, fiberglass, and lumber- depending u...
A: Answer:- Direct material Work in process Finished goods Beginning inventory 4200 5540 0...
Q: Given the following information calculate: Value B. gross cost of merch sold: Cost Retail $80,000.00...
A: Cost of Goods Sold: The term "cost of goods sold" (COGS) refers to the direct expenses incurred by a...
Q: 1. How much is overstatement(understatement) of the retained earnings by the end of 2019? (if UNDER,...
A: Retained Earnings The purpose of keeping retained earning is to reserve the amount of profit which a...
Q: An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000....
A: A bónd redemption means its full repayment. Redemption of bond include full repayment of principal ...
Q: Make a General Ledger for the following selected transactions completed by the SPC Laundry Shop duri...
A: Introduction:- A journal entry is the act of recording or keeping track of any financial or non-fina...
Q: Ariana Corporation includes two coupons in each box of cereal box and 9 coupons are needed to be red...
A: In accounting for premiums and coupons, companies should charge the cost of premiums and coupons to ...
Q: From the information given below, complete the corrected trial balance of C. Canada Manufacturers. T...
A: Trial balance refers to the third step in accounting process, which signifies the summarisation of f...
Q: Kiss Co. donated inventory with an adjusted basis of $50,000 and a $78,000 fair market value to a qu...
A: Solution:- Given, Kiss Co. donated inventory adjusted basis of $50,000 and a $78,000 fair market val...
Q: Discuss the history of Accounting?
A: Italy, birthplace of many of the world's most important historical figures like Michelangelo, Leonar...
Q: What is business intelligence (BI)? Give 2 examples of how it can be used to improve decision making...
A: NOW a days , business intelligence so as to improve their performance and management of data. busine...
Q: The primary financial statements prepared for a sole proprietorship are the income statement, statem...
A: Solution: There are 4 main financial statements: 1. Income Statement 2. Statement of changes in equi...
Q: 16. In 2011, the maximum amount that you could have contributed to your RRSP (Registered Retirement ...
A: RRSP is a retirement saving plan launched by the government of Canada for the citizens of their coun...
Q: dney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. y 11 Syd...
A: Journal is the book of original entry in which all the transactions of the business are recorded ini...
Q: Outline the goals to be accomplished by the presentation of cash flow information to investors.
A: In addition to the income statement and balance sheet, the cash flow statement is a financial statem...
Q: Novak Corp. began the year with 8 units of marine floats at a cost of $11 each. During the year, it ...
A: Lets understand the basics. For determining average unit cost, we need to use below formula. Average...
Q: orris Industries manufactures and sells three products (AA, BB, and CC). The sales price and unit va...
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three sub...
Q: Harley Davis Inc. started its unicycle manufacturing business in 2020 and acquired $600,000 of equip...
A: Depreciation expense is the amount depreciated on a company's assets in a single period, whereas acc...
Q: 1. Compute an activity rate for each activity using activity-based costing.
A: Activity based costing means where the product is valued on the basis of actual direct material , di...
Q: Amaya Company offered existing shareholders a rights issue of one for 5 shares at a price of P6 per ...
A: Earnings Per Share- Earnings per share refer to the portion of the profit that each shareholder earn...
Q: shares of ordinary share capital. Subsequently, 250,000 shares were issued at P25 per The Security C...
A: Share capital is the capital raised by the issue of shares. it is the amount invested by the shareho...
Q: Discuss when a company in the extractive industries needs to start accounting for its restoration co...
A: Answer : A company in the extractive industry start accounting for its restoration costs when there ...
Q: Year 1 Year 2 S01,000 $72.500 $18,500 Year 3 NOI S4,640 S08,426 DS $72.500 S2,500 Cash flow $72,140 ...
A: solution concept dividend rate It is known as the rate of dividend or dividend y...
Q: gross method. Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, inv...
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is recor...
Q: Use the following information for the Exercises below. Textra produces parts for a machine manufact...
A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing over...
Q: 1. Springer Inc. began 2021 with 10,000 shares of common stock outstanding with a par value of $10 p...
A: Shares of common stock Number of shares January 1 10000 shares outstanding 10000 March 1...
Q: Required: a) Prepare an Income Statement for the period ended 31st October 2021 The closing invento...
A: An income statement is one of the financial statements which shows the financial position of the bus...
Q: Required: How much total overhead cost would be assigned to K425 and M67
A: Answer Activity Cost Pool K425 M67 Supporting direct labor $480 ($6 * 80) $3,000 ($6 * 500)...
Q: Alon is a retired Doctor. His wife Nancy is a retired Social Worker. Both wish to remain active and ...
A: All profits and losses are to be shared equally between the three partners- Alon, Heather, and Nancy...
Q: • Fair value of the asset: $400,000. • Useful life of the asset: 6 years with no salvage value. • Le...
A: Introduction:- Leasing is an agreement between parties in which the right to use the asset is trans...
Q: The following worksheet with information extracted from a financial statement of XYZ Company: 2020 A...
A: Debt to Assets Ratio: This form of total debt measures the relationship between a company's debt com...
Q: Review the following independent auditors’ report: To the Board of Directors and Shareholders Comp...
A: An audit report refers to the document which reflects upon the end results of the audit process cond...
Q: What is the cash flow from assets for 2015 ($ in millions)? Select one: a. $3,100 b. $2,590 c. $1...
A: Cash flow (CF) from assets refers to the total cash generated by the company during a period from th...
Q: Instructions: Prepare journal entries to record authorized share capital and the subseque transactio...
A: A memorandum entry is an accounting transaction which does not require to get posted in ledger accou...
Q: s for the year ended December 31, 20X1. Account Title Debits Cash $37,500
A: The income statement explains the financial performance of the company for a particular period of ti...
Q: Jack and Jill are owners of UpAHill, an S Corporation. They own 25 and 75 percent, respectively. UpA...
A: In this question Alloacted wages will be based on the salary to owner jack and jill in the ratio of ...
Q: order to determine usefulness of intangibles, investigation and the examination of income data relat...
A: Goodwill, patent and others is an intangible asset which cannot be seen or touched, add value to the...
Q: The unit cost… a. is the total conversion costs divided by the number of units produced. b. is the t...
A: Solution A unit cost is a total expenditure incurred by a company to produce , store and sell one un...
Q: 10%? Provide p
A: Net Present Value = $12,118.6 Year Cash flows = CF Working capital adjustment = WC Net cas...
Q: Differentiate Private from Public Accountants?
A: Accountants are the professionals that are engaged in the work related to accounting and taxation of...
Q: Which of the following accounts is not a permanent account? Select one: a. Utilities Expense b. Ca...
A: A permanent account is the account which is not closed at year end and same is carried to balance sh...
Q: What annual deposit is required for 5 years to accumulate an amount of money with the same purchasin...
A: Answer) Calculation of amount of annual deposit required to accumulate P 1,000 after the end of 5 ye...
Q: How much is the return on plan assets during the year?
A: Formula for Closing Balance of Plan Assets = Opening value of plan assets ...
Q: Prepare the journal entries to record the foregoing transactions, including authorized share capital...
A: Journal entry is made at the time when the company issues the shares to the public which means eithe...
Q: Explain the following terms: (a)Depreciation, (b)accumulated depreciation, (c)book value, (d)fixed a...
A: Solution- a) Depreciation- Depreciation refers to an indirect and explicit cost that a company incur...
Q: The Harriott manufacturing company uses job order costing system. The company uses machine hours to ...
A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated machin...
Q: A firm has a P/E ratio of 18 and a ROE of 13% and a market to book value of __________. a.0.64 b...
A: P/E ratio = 18 ROE = 13%
solution
the given chain discount of 8/5/3 means that the discount is in a series of 8% , then 5% and then 3%
list price =284
chain discount =8/5/3
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- If the bid and ask prices for Amazon.com are $37.79 and $37.85. If these quotes occur when a trade order is made, at what price would a market buy order execute? Would a limit sell order execute with a target price of $37.75?Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List Price TradeDiscountRate Net PriceFactor SingleEquivalentDiscount TradeDiscount Net Price $7,800.00 15/4/4 $ $Find the list price of an article that is subject to discounts of 22.35% ,9.25% ,3 % if the net price is 554.77
- Calculate the net price factor ( as a % ) and net price ( in $ ) by using the complement method, round your answer to the nearest cent. List price is $1,244.25 Trade discount is 45.9% What is the Net Price Factor and what is the Net price ?ACTIVITY 1: Solve each of the following problems: Complete the following table. Original Price Trade Discount Discount Rate Discounted Price ₱ 6,500 ₱ 1,200 ₱ 500 10% ₱ 2100 ₱ 5,600 ₱ 27,800 35 %How do you find the trade discount and net price of an item if the list price is $199, the chain discount is 8/4/3, the net price equivalent rate is 0.856704, and the single equivalent discount rate is 0.144296?
- Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost Amount ofMarkup Selling Price (in $) PercentMarkupBased onCost PercentMarkupBased onSelling Price Bar of soap $1.16 $0.79 $ % %virtual reality headset lists for $619. Find the net cost after trade discounts if the series discount is 30/20.Calculate the missing values and express your answers rounded to two decimal places. Cost Amount of MK Selling Price Rate of MK on Cost Rate of MK on Selling Price A $300.00 25.00% B $54.00 26.00%
- Find the list price, given the net cost and the series discount. Net cost $949.25; trade discount 30/20What is the Net Price Factor Net Price if the list price is 3499.00 and the discount is 33% I got 33% for the net price factor and 2310.83 for the net priceList price is $450.70. The trade discount rate is 31/15/5. What is the single equivalent discount? What is the trade discount? What is the net price? Round the net price factor and single equivalent discount five decimal places, and the trade discount and net price to the nearest cent when necc