Complete the table. ORIGINAL PRICE TRADE DISCOUNT DISCOUNT RATE DISCOUNTED PRICE Php6,500 Php1,200 Php500 10% Php2,100 Php5,600 Php27,000 35%

Q: 2020 2021 Cost of Goods sold 55,000 58.000 Cost of Goods sold 450,000 440,000 Net Sales 550,000…

A: On the gross profit, there is no charge of tax on it. It is calculated on the net profit earned by…

Q: The spot and 30-day forward rates for the Dutch Guilder are $1.475 and $1.481, respectively. The…

A: Hedging is a way to minimise the risk which may be arise due to change in prices. Forward contract…

Q: Sales ( Credit) = 850,000 Sales Return and allowance  ( Debt) = 28000 A/R ( Debt)= 86000…

A: SOLUTION-   NET SALES = (SALES - SALES RETURN)

Q: Accounts recelvable at Majong Food Berhad averaged RM50,000. The total amount of credit sold was…

A: Here, Average Receivables are RM 50,000 Net Credit Sales is RM 500,000 Discount Rate is 3%

Q: On average, how much “free” trade credit does the firm receive during the year?

A: Free trade credit refers to the payment made by a firm within the discount period whereas when the…

Q: Trade Discount Rate = 20/18/15

A: Formula of Single Equivalent Discount Rate:-         = 1-Net Price Factor         = 1- 0.5576…

Q: coupon in each package of cereal sold. A towel was offered as a premium to customers who send in 10…

A: As per matching principle, the expense of the period must be recorded in the period of sale.

Q: A $10,000 credit supply has the following terms: trade terms are 5/5 net 50, interest rate 8%. What…

A: If the amount is paid within 5 days of invoice then the 5% discount will be allowed on net amount…

Q: Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the…

A: Working: The face value = $80,000 The discount rate = 4.20% The term = 26 weeks. Bank discount =…

Q: A car dealer carries out the following calculations. What is the annual percentage rate? List price…

A: Comment-  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The Republic of the Philippines issued P100,000 T-Bill that can be bought for 98. This T-Bill will…

A: Par value of bond = P 100,000 Price ratio = 98 Issue price = 100,000*98/100 = P 98,000 Discount…

Q: List Price Trade Discount Rate Trade Discount $282.00 25% Net Price

A: Trade discount - It is the discount on list price given by seller to purchaser on the bulk purchase…

Q: own payment: 20% nstallment sales: P545, 000 in 2020, P785,000 in 2021, and P968,000 in 2022 Markup…

A: Realized gross profit  on instalment basis is equal to the amount of cash collected X gross profit %…

Q: The spot and 30-day forward rates for the Dutch Guilder are $1.475 and $1.481, respectively. The…

A: Forward rate is the valuation of an asset after a fixed time period. When the forward rate is more…

Q: A car dealer carries out the following calculations. What is the annual percentage rate? List price…

A: Solution:- Given, Interest (r) = 5% Months (N) = 36

Q: B. Trade Discount 1. The net price of a keyring lightstick is Php 2 676. What is the suggested…

A: Trade Discount Trade discount can be defined as the discount which the manufacturer to a reseller on…

Q: ABC Co. has the following information:                                                         20x1…

A: Total realized Gross profit in 20x2 = Cost of sales / ( 1 - Gross profit rate ) * Gross profit rate

Q: Calculate APR by table lookup: (Round your answers to the nearest cent.)   Purchase Price Down…

A: APR FORMULA: APR=Fees+interestprincipaln×365×100 where, n = no of days of loan

Q: I. Find the trade discount and net price. Round to the nearest cent. Trade Discount List Price Trade…

A: Solution: Trade discount is the discount given on listed price in the normal course of business. The…

Q: Illustration: A company sells $50,000 of goods with the terms net/30. The receivable is immediately…

A: Sales price = $50,000 Factor fee = 3% Interest = 10% reserve = 8%

Q: Love company included one coupon in each package sold. A premium is offered to the costumer who send…

A: Dear student as per bartleby guideline we are supposed to answer only 3 subparts of the question.…

Q: A car dealer carries out the following calculations. What is the annual percentage rate? List price…

A: Solution:- Given Values, Interest (r)= 7%  Months (N) = 48

Q: en that an item is subject to a 20 percent trade discount, it's price

A: Given that: Trade Discount = 20% Price of Item = 1000 Sale Price = ???   Trade Discount: A trade…

Q: II. Find the trade discount and trade discount rate. Round to the nearest hundredth percent. Trade…

A: Solution: Trade discount is the discount given on listed price in the normal course of business. The…

Q: Calculate the trade discount and net price (in $) to the nearest cent.   LIST PRICE :$289.00 TRADE…

A: Net price: While making a deals, generally the net prices are considered as dues by the dealer. The…

Q: 6. GFB Co. buys on terms of 2/15, net 30 days. It does not take discounts, and it typically pays 30…

A: Free trade-credit gives no cost to the company.

Q: Study this case and answer question asked below: You have the following quotes from Bank A & Bank B…

A: Given: Particulars Bank A Bank B USD/CHF 1.4650 1.4655 1.4653 1.4660 GBP/USD 1.7645 1.7660…

Q: A car dealer carries out the following calculations. List price $ 5,368.00 Options $ 1,625.00…

A: The rate of interest given for a year is known as the annual percentage rate. The formula to…

Q: If Php 12,000 is due on December 31, 2020, find the present value on June 19, 2020, if the discount…

A: Future Value = Php 12,000 Discount rate = 8%

Q: BID RATE ASK RATE 126.0033PHP/OMR 126.4270PHP/OMR If an importer wants to BUY OMR 1,000,000 ,how…

A: Given BID RATE 126.0033PHP/OMR ASK RATE 126.4270PHP/OMR

Q: A manufacturer offers a 30/25 chain discount if the invoice subtotal is above $1,000. If the list…

A: calculation of chain discount are as follows

Q: Calculate APR by table lookup: (Round your answers to the nearest cent.)   Purchase Price Down…

A: In order to find the APR for a loan one can use excel for it and in excel RATE function is to be…

Q: b) A trader buys a set of accessories that is listed at RM8000 with trade discounts of 15% and 5%.…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: Q5: Current spot rates are as follows:   USD/CHF 1.5384/89 USD/SGD 2.3895/05 EUR/USD 0.9678/83…

A: The exchange rate of different curriencies are calculated as below:1)…

Q: Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the…

A: Introduction: The term trade discount can be defined as an amount which is reduced by the…

Q: QUESTION 1 a) ABC Company Sdn. Bhd. received an invoice of RM35,000 dated 24 May 2020 with trade…

A: In the course of purchase and sale transactions that take place as a result of the day to day…

Q: 2. Round each trade-discount rate to the nearest tenth of a percent Item List Price Net Price Trade…

A: Trade discount is the discount offered on a list price of a product. It is the amount which is…

Q: Black Panther Inc. buys on terms of 2/15, net 60 days. It does not take discounts, and it typically…

A: Credit terms indicate the percentage discount a firm can take off the invoice amount if payments…

Q: What is the average annualized forward premium/discount for the EUR if you use the 4M forward contra

A: Forward Premium: A forward premium occurs when the forward/futures price of the currency is greater…

Q: Directions. Table Completion: Show your solution. 10 points LIST PRICE TRADE DISCOUNT DISCOUNT RATE…

A: List price is a price of item before the discount and net price will be arriving after the discount.…

Q: Complete the following table: (Do not round net price equivalent rate and single equivalent discount…

A: given data list price = $213 chain discount = 7/4/2 net price equivaent rate = 6.000 single…

Q: Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the…

A: A trade discount is the sum by which a manufacturer decreases the retail cost of an item when it…

Q: Installment sales ? ? Cost of sales 600,000 660,000 Installment receivable - 20x1 600,000 400,000…

A: Installment sales: Under this method, seller sells a product to the buyer and allows him to pay the…

Q: Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the…

A: Trade discount = List price - Net price  Tade discount rate = Trade discount / List price

Q: certain product payment offers 30/ 25/ 18/5 discounts. What is the total net price rate /hat is the…

A: There are multiple discounts given on the product but they may be converted into equivalent single…

Q: APR by table lookup (

A: APR stands for Annual percentage rate means the amount of interest charge over the principal amount…

Q: a 3 month $4,000 treasury bill with discount rate 8.281 was sold in 2009.  a. find the price of the…

A: Calculation of Price of T-Bill and Actual Interest Paid: The treasury bill is compounded on…

Q: A trade credit bill of $80,000 with terms of sale of 2/5, net 30 means the buyer saves if the bill…

A: Answer= $1,600        if the bill paid with in discounted period of 5 days he will entitled to 2%…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.