Answered: Engineering buys circuit boards with a…

Engineering buys circuit boards with a list price of $32,000. If the supplier extends trade discounts of 42/32/12, what is the trade

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10MC

See similar textbooks

Related questions

Q: Anselmo's Engineering buys circuit boards with a list price of $32,000. If the supplier extends…

A: The computation of total discount as follows: Hence, the option d) $20,893.70 is correct.

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: Trade discount: It is the reduction in the retail price when manufacture sell product to the…

Q: . The list price of an air conditioner is OMR 250. If manufacturer sells this product to a retailer…

A: Solution: List price = OMR 250 Trade discount = 15%

Q: Suppose a certain car manufa "selling models offers a $8,000 extra dealer incentive for eaci these…

A: AMOUNT OF THE TRADE DISCOUNT , INCLUDING THE INCENTIVE : PARTICULATR AMOUNT AMOUNT PRICE 26500…

Q: ABC Merchandising buys merchandise costing P35,000 and returns P10,000 cost of the merchandise. If…

A: Term 2/10, N30 means that if the buyer pays the dues within 10 days then the buyer is eligible for a…

Q: One Corporation has two potential suppliers. Both are supplying the items at similar list prices and…

A: Trade credit: It is an agreement between supplier of goods and buyer where buyer agrees to pay the…

Q: What is the price including VAT that Mr. Yousuf has to pay to buy the Product? What is input tax and…

A: “Hey, since there are multiple requirements posted, we will answer first three requirements. If you…

Q: A computer was put on sale by the store owner. A trade discount of 30% is given to any buyer but…

A: Cost price is the price at which the goods and services are ready after they are manufactured. This…

Q: One Corporation has two potential suppliers. Both are supplying the items at similar list prices and…

A: Trade credit: It refers to the credit paid to the supplier by its customer on the completion of…

Q: A dealer bought personal computers for $1850 less 32%, and 17%. They were sold for $1575. What was…

A: Given: Cost of computer $1,850.00 Discount 32% Discount 17%

Q: A catering company buys some items with a list price of $5,000. If the supplier extends trade…

A: The net price factor is the percent of the list price a business pays for merchandise. It is the…

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: Net price is the final price that a customer needs to pay. It is the price after excluding the…

Q: Sheridan Company has received a shipment of suits that cost $140 each. If the company uses cost-plus…

A: Sales price per suit = Cost per suit + Markup (%)

Q: Gerry runs a clothing store in London. He recently purchased 1200 dress shirts that had…

A: %55 per shirt=0.55*1200=660 20% on selling price=20%660=132 50% on selling price=50%660=330…

Q: Firms usually offer their customers some form of trade credit. This allowance comes with certain…

A: Workings:

Q: A retailer is considering the purchase of 250 units of a specific item from either of two suppliers.…

Q: Sunland Company has received a shipment of suits that cost $320 each. If the company uses cost-plus…

A: Selling Price = Cost + Markup (%)

Q: Kiddie Kites buys Japanese kite kits with a list price of $9,500. If the supplier offers trade…

A: Let, list price = 100 Net price = list price x (1 - discount rate) = 100 x (1-0.30) x (1-0.85) x…

Q: Sharma Kennels buys some items with a list price of $4,100. The supplier extends a 40% trade…

A: The net price is the value at which, after all taxes and other expenses are applied and all…

Q: Kiddie Kites buys Japanese kite kits with a list price of $7,500. If the supplier offers trade…

A: Price with discount @30% = List price - discount = $7500 - 7500*30% =7500-2250 = $5,250

Q: Kurt's Krafts purchases hand woven rugs from a local artisan for $690 each. The rugs are marked up…

A: The retail price- Mark up on sales Retail price = Cost of purchase / ( 1 - Mark up on sale )

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

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

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: Sharma Kennels buys some items with a list price of $4,700. The supplier extends a 40% trade…

A: Calculate discount amount: Discount amount = list price * trade discount rate Discount amount =…

Q: A catering company buys some items with a list price of $5,000. If the supplier extends trade…

A: First we need to find net price factor

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: There are three consecutive discounts are given here, the ne price factor can be calculated by using…

Q: A clothing merchant purchases a shipment of clothes for $35,000.00 with discounts of 11.00% and…

A: Cost means the amount incurred on the purchase of goods . Selling price means the amount for which…

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

Q: A household appliance dealer buys refrigerators from a manufacturer and resells them to its…

A: Introduction: Cash discount: When the purchaser paid the due amount with in due period then eligible…

Q: Bellingham Suit Co. has received a shipment of suits that cost $200 each. If the company uses…

A: Cost = $200 Markup = $200 x 60% = $120

Q: A craft shop buys stuffed animals with a list price of $6,000. If the wholesaler offers trade…

A: wholesale offer discounts to increase the sales.

Q: A photographer buys some merchandise with a list price of $5,000. If the supplier offers trade…

A: Formula: Trade discount amount = Invoice amount x Discount rate Multiplying invoice amount with…

Q: 1. A trading firm traded their brand-new computers with a margin of 65% based on their cost. One…

A: Since there are multiple questions, we will solve first for you. To get the remaining questions…

Q: 1.)The suppliers sells a set of stainless steel tray's to jane's cookies shop. The list is price is…

A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

Q: A photographer buys some merchandise with a list price of $7,000. If the supplier offers trade…

A: Trade discount is the discount allowed by manufacturer of the product to the resellers. This…

Q: Anselmo's Engineering buys circuit boards with a list price of $38,000. If the supplier extends…

A: The question is based on the concept of Financial analysis.

Q: Which of the two offers, A or B, yields the lower price?

A: Let's analyze both the offers one by one to find out which offer yield the lower price Offer A.…

Q: ealer bought personal computers for $1850 less 32%, and 17%. They were sold for $1575. What was the…

A: Dealers purchases the computers in large quantity and based on the quantity they get discounts and…

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: A wholesaler sells a guitar for $1,380.60. What is the percent markup based on cost if the…

A: Markup = Sell price - buy price Markup = $1380.60 -$780 Markup =$600.60

Q: If a retailer paid RO 280 after a discount of RO 70 on the list price, the list price and rate of…

A: List price = Amount paid + discount amount = RO 280 + RO 70 = RO 350

Q: Q4. Mr. Assad a Wholesaler buys a product from the Al Mazoon manufacturing company at RO 700 and…

A: Value added tax is an indirect tax levied on the sale of goods or services on the value added by the…

Q: A photographer buys some merchandise with a list price of $5,000. If the supplier offers trade…

A: First we need to find single equivalent discount

Q: Kiddie Kites buys Japanese kite kits with a list price of $8,500. If the supplier offers trade…

A: Supplier offers trade discounts of 30/15/15, which means first supplier will give 30% discount on…

Q: An item listed for 4,000 has been given trade discounts of 30%, 20%, and 10% by the manufacturer. 1.…

A: Solution:- Trade discount means the amount of discount on the list price of a commodity.

Question

Anselmo’s Engineering buys circuit boards with a list price of $32,000. If the supplier extends trade discounts of 42/32/12, what is the trade discount amount?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Backyard World buys plastic pools from a supplier with an invoice amount of $13,500. The terms of the sale are 5/10, n/30. If the retailer sends a partial payment of $8,300 on the discount date, what is the net amount still due?
Sharma Kennels buys some items with a list price of $4,700. The supplier extends a 40% trade discount rate. What is the net price (in $)? $
Dean Company regularly buys sweaters from Mill Company and is allowed a trade discount of 20% and 10% from a list price. Dean made a purchase on March 20 and received an invoice with a list price of P900,000, a freight charge of P50,000, and payment terms of net 30 days. Dean should report purchases at Choices: P698,000 P648,000 P680,000 P630,000
Kindness Company regularly buys sweaters and is allowed a trade discount of 20% and 10%. The entity made a purchase on March 20 and received an invoice with a list price of P900,000, a freight charge of P50,000, and payment terms of net 30 days. What is the cost of the purchase?
Muscat Electronics purchased 400 Galaxy mobile phone at RO 70 each from Sohar Electronics. The supplier offers a trade discount of 5% on invoice price. The Net amount payable to supplier is
Ace Hardware buys brushes at a wholesale price of PhP 380 each. If the selling price is PhP 627, what is the markup rate?
A computer was put on sale by the store owner. A trade discount of 30% is given to any buyer but still, the store will realize 25% margin. If the computer has a tag price of P41, 550, What should be its cost?
An invoice for accessories is dated December 27 and this paid on January 10. The trade discount is 30%, 20%, and 5% with terms of 2/10 as of April 1, FOB retailers distribution center, and shipping charges of $30 pre-paid by the vendor. There is a quantity discount of 1% on orders of $5000 and a 2% discount on orders of $7500 or more. What amount should be paid if the buyer purchase $10,000(list price) worth of merch ?
Skis are listed by a manufacturer for $860, less trade discounts of 35% and 17%. What further rate of discount should be given to bring the net price to $441?Round to two decimal places
A manufacturer printed the price of his goods as BD240 per article. He allowed a discount of 20% to the wholesaler who in his turn allowed a discount of 15% on the printed price to the retailer. If the prescribed rate of VAT on the goods is 5% and the retailer sells it to the consumer at the printed price. Instructions: Find the value added tax paid by the wholesaler and the retailer
GJ Office Supplies offers the following discounts: Trade discounts of 10% at list price and another cash discount of 5% if paid in full before the due date. How mush is to paid if a customer pays before due date at a list price of P62,000.
Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9,500 with trade discounts of 25/12/6. (a) What is the net price factor? (b) What is the single equivalent discount? (c) What is the amount (in dollars) of the trade discount? $ (d) What is the net price (in dollars) of the order? $