Complete the following table: Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Item List Price chain discount net price trade discount Sony digital camera $320 6/4/3
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Complete the following table:
Note: Do not round intermediate calculations. Round your final answers to the nearest cent.
| Item | List Price | chain discount | net price | trade discount |
| Sony digital camera | $320 | 6/4/3 |
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- Complete the following invoice, finding the net price using the single trade discount rate.QtyItemUnit priceList price3535Notebooks$1.311.314545Looseleaf paper$0.880.882525Ballpoint pens$0.830.83Total list price3535% trade discountNet priceFill in, rounding to the nearest cent as needed.QtyItemUnit priceList price3535Notebooks$1.311.31$nothingSuppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.)Calculate the missing values and express your answers rounded to two decimal places. Cost Amount ofMarkup SellingPrice Rate of Markupon Cost Rate of Markupon Selling Price a. $260.00 25.00% % b. $60.00 % 30.00%
- From the "Period and Volume Discounts" window, how do we proceed to the "Volume Discounts and Price List"? None of the choices Right Click on the selected item, select “Period Discounts”. On the current window, right click on the number beside the item. Right Click on the selected item, select “Volume Discounts for Price List”. Double Click on the item. On the current window, double click on the number beside the itemSuppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Quantity Unit Merchandise Unit List TradeDiscounts ExtendedTotal 150 ea. Blenders $49.95 20/15/15 $ 4330.67 400 ea. Toasters $37.88 20/10/10 $ 9818.50 18 doz. Coffee Mills $244.30 30/9/6 $ 12 doz. Juicers $480.00 25/10/5 $ Invoice subtotal $ Extra 5 1 2 % volume discount on total order − $ Invoice total $Which of the following numbers represents the discount percentage applied if a customer pays within a discount window and credit terms are 3/15, n/60? A. 3 B. 15 C. 60 D. 3 and 15
- If a retailer paid RO 280 after a discount of RO 70 on the list price, the list price and rate of discount is: a. List price RO 240, Rate of discount 25 % b. List price RO 350, Rate of discount 25 % c. List price RO 240, Rate of discount 20 % d. List price RO 350, Rate of discount 20 %Use Exhibit 18-1 to determine the sales tax (in $) and calculate the total purchase price (in $) for the item. (Round your answers to the nearest cent.) Item SellingPrice SalesTax TotalPurchase Price Hair dryer $19.22Using the QBO Sample Company, Craig's Design and Landscaping Services, complete the following. 1. Create Sales Receipt. Select Create (+) icon > Sales Receipt Select Customer: Dukes Basketball Camp Select Sales Receipt Date: Current Date Select Payment Method: Check Enter Reference No.: 432 Select Deposit to: Undeposited Funds Select Product/Service: Landscaping: Maintenance and Repair Enter QTY: 9 Enter Rate: 33.00 What is the Total for the Sales Receipt? (Answer this question in the table shown below. Round your answer to 2 decimal places.) Select Save and leave the Sales Receipt form open 2. View the Transaction Journal for the Sales Receipt. From the bottom of the Dukes Basketball Camp Sales Receipt, select More > Transaction Journal What are the Account and Amount Debited? (Answer this question in the table shown below. Round your answer to 2 decimal places.) What are the Account and Amount Credited? (Answer this question in the table shown below. Round your…
- Calculate the gross cost of merchandise sold. Present your answer with a dollar sign, comma separator, and rounded to the dollar (i.e. $19,642). NOTE. In order to get the answer on the key, you have to use the cost value of Physical Inventory NOT the cost value of Closing Book Inventory. Physical inventory is the more correct number, so this is the appropriate approach. NOTE. In order to get the answer on the key, you have to compute the cost percent, rounded to four decimal places (i.e. 53.1234%). This is a short-coming of the key that came with your textbook - and the authors' computation of the answer using Excel instead of a caluclator. NOTE. There are four questions associated with this data. You will ultimately complete a complete RIM exercise. Cost ($) Retail ($) Opening inventory 130,410 201,543 Gross purchases 418,390 884,916 Returns to vendors 1,726 3,514 Cash discounts 2,040 Alteration costs 1,620 Freight 1,690 Gross Sales 806,430…Enter the letter for each term in the blank space beside the definition that it most closely matches. Sales discount Credit period Discount period FOB destination FOB shipping point Gross profit Merchandise inventory Purchase discount Cash discount Trade discount _______ 1.Goods a company owns and expects to sell to its customers. _______ 2.Time period that can pass before a customer’s payment is due. _______ 3.Seller’s description of a cash discount granted to buyers in return for early payment. _______ 4.Reduction below list or catalog price that is negotiated in setting the price of goods. _______ 5.Ownership of goods is transferred when the seller delivers goods to the carrier. _______ 6.Purchaser’s description of a cash discount received from a supplier of goods. _______ 7.Reduction in a receivable or payable if it is paid within the discount period. _______ 8.Difference between net sales and the cost of goods sold.…Please refer to the picture below for information. Kindly show the complete solution using MS Excel or Table. Thank you so much. Question: Using Periodic system and FIFO method, and Perpetual system and FIFO Method what is the amount of inventory as of December 31, respectively.? Choices For Periodic system/FIFO Method: a. P59,000 b. P57,000 c. P61,600 d. P60,210 Choices for Perpetual System/FIFO Method: a. P59,000b. P57,000c. P61,600d. P60,210