For business math: Levin Furniture buys a living room set with a $4,800 list price and a 60% trade discount. Freight (FOB shipping point) of $55 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 5/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25. Can you show me how to get the delivery rate, and go into detail about the n/30 and ROG as well?
For business math: Levin Furniture buys a living room set with a $4,800 list price and a 60% trade discount. Freight (FOB shipping point) of $55 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 5/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25. Can you show me how to get the delivery rate, and go into detail about the n/30 and ROG as well?
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3PA: Review the following transactions, and prepare any necessary journal entries for Renovation Goods....
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For business math:
Levin Furniture buys a living room set with a $4,800 list price and a 60% trade discount. Freight (FOB shipping point) of $55 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 5/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25.
Can you show me how to get the delivery rate, and go into detail about the n/30 and ROG as well?
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