Complete the following table. Round net price factors to five decimal places when necessary. Trade Single Discount Net Price Equivalent Trade List Price Rates Factor Discount Discount Net Price Shopper’s Mart purchased the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. Quantity Unit Merchandise Unit List Trade Discounts Extended Total 150 ea. Blenders $59.95 20/15/15 400 ea. Toasters $39.88 20/10/10 18 doz. Coffee Mills $244.30 30/9/7 12 doz. Juicers $460.00 25/10/5 Invoice subtotal Extra 5 1 2 % volume discount on total order Invoice total

BuyFind

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447
BuyFind

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447

Solutions

Chapter
Section
Chapter 7.III, Problem 26RE
Textbook Problem

Complete the following table. Round net price factors to five decimal places when necessary.

Trade Single
Discount Net Price Equivalent Trade
List Price Rates Factor Discount Discount Net Price

Shopper’s Mart purchased the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total.

Quantity Unit Merchandise Unit List TradeDiscounts ExtendedTotal
150 ea. Blenders $59.95 20/15/15
400 ea. Toasters $39.88 20/10/10
18 doz. Coffee Mills $244.30 30/9/7
12 doz. Juicers $460.00 25/10/5
Invoice subtotal
Extra 5 1 2 % volume discount on total order
Invoice total

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Chapter 7 Solutions

Contemporary Mathematics for Business & Consumers
Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.II - Gifts Galore, a retail gift shop, buys merchandise...Ch. 7.II - Central Hardware Store bought paint supplies...Ch. 7.II - Wilson Sporting Goods recently sold tennis rackets...Ch. 7.II - Calculate the following trade discounts. Round all...Ch. 7.II - Calculate the following trade discounts. Round all...Ch. 7.II - Calculate the following trade discounts. Round all...Ch. 7.II - Calculate the following trade discounts. Round all...Ch. 7.II - Calculate the following trade discounts. Round all...Ch. 7.II - 6. Calculate the following trade discounts and net...Ch. 7.II - Calculate the following trade discounts and net...Ch. 7.II - Calculate the following trade discounts and net...Ch. 7.II - Calculate the following trade discounts and net...Ch. 7.II - Calculate the following net price factors and net...Ch. 7.II - Calculate the following net price factors and net...Ch. 7.II - Calculate the following net price factors and net...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.III - Northwest Publishers sold an order of books to The...Ch. 7.III - Something's Fishy, a pet shop, always gels a...Ch. 7.III - The Rainbow Appliance Center purchased an order of...Ch. 7.III - Calculate the following net price factors and net...Ch. 7.III - Calculate the following net price factors and net...Ch. 7.III - Calculate the following net price factors and net...Ch. 7.III - Calculate the following net price factors and net...Ch. 7.III - Calculate the following net price factors and net...Ch. 7.III - Calculate the following net price factors and net...Ch. 7.III - Calculate the following net price factors and...Ch. 7.III - Calculate the following net price factors and...Ch. 7.III - Calculate the following net price factors and...Ch. 7.III - Calculate the following net price factors and...Ch. 7.III - Calculate the following net price factors and...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.IV - Valiant Plumbing ordered sinks from a supplier....Ch. 7.IV - All Pro Sports Center purchases $45,300 in...Ch. 7.IV - If an invoice dated September 12 is due in 60...Ch. 7.IV - Great Impressions Printing buys ink and paper from...Ch. 7.IV - As the accounts receivable manager for River Bend...Ch. 7.IV - What are the discount date and the net date of an...Ch. 7.IV - What are the discount date and the net date of an...Ch. 7.IV - Calculate the cash discount and the net amount due...Ch. 7.IV - Calculate the cash discount and the net amount due...Ch. 7.IV - Calculate the cash discount and the net amount due...Ch. 7.IV - Calculate the cash discount and the net amount due...Ch. 7.IV - Calculate the cash discount and the net amount due...Ch. 7.IV - For the following transactions, calculate the...Ch. 7.IV - For the following transactions, calculate the...Ch. 7.IV - For the following transactions, calculate the...Ch. 7.IV - For the following transactions, calculate the...Ch. 7.IV - Using the ordinary dating method, calculate the...Ch. 7.IV - Using the ordinary dating method, calculate the...Ch. 7.IV - Using the ordinary dating method, calculate the...Ch. 7.IV - Using the ordinary dating method, calculate the...Ch. 7.IV - Using the ordinary dating method, calculate the...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - 21. The Apollo Company received an invoice from a...Ch. 7.IV - An invoice is dated August 21 with terms of 4/18...Ch. 7.IV - An invoice dated January 15 has terms of 3/20 ROG....Ch. 7.IV - 24. What payment should be made on an invoice in...Ch. 7.IV - 25. Red Tag Furniture received a SeaLand container...Ch. 7.IV - 26. City Cellular purchased $28,900 in cell phones...Ch. 7 - 1. The document detailing a sales transaction is...Ch. 7 - F.O.B. shipping point and F.O.B. destination are...Ch. 7 - 3. To extend an invoice, for each line, we...Ch. 7 - 4. To calculate the amount of a single trade...Ch. 7 - 5. The _____ price is the amount a business...Ch. 7 - 6. To calculate the net price factor, we subtract...Ch. 7 - Write the formula for the trade discount rate....Ch. 7 - In a chain or of trade discounts, we calculate the...Ch. 7 - 9. As a shortcut, we can use the net price _____...Ch. 7 - To calculate the net price factor, we subtract...Ch. 7 - A single trade discount that equates to all the...Ch. 7 - The ______ of sale specify when an invoice must be...Ch. 7 - To calculate the credit given for a partial...Ch. 7 - 14. The most common method for dating an invoice...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...

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