Question
Company 1 offers trade discounts of 9% and 14.2% on a pair of sunglasses with list...
Company 1 offers trade discounts of 9% and 14.2% on a pair of sunglasses with list price of $120.12. Company 2 offers a trade discount of 10.3% on a comparable pair of sunglasses with list price of $156.14. What second trade discount must company 2 offer to retailers in order to match the net price of company 1? Give your answer as a percent rounded to 2 decimal places.
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
A computer with a manufacturer's suggested list price of $1400 is supplied with trade discounts of...
A computer with a manufacturer's suggested list price of $1400
is supplied with trade discounts of 40/10. The invoice is dated
October 27th and paid in full on November 15th. Cash terms are
8/10, 2/20, EOM. The computer is priced with a 35% markup based on
selling price. During a Thanksgiving Turkey sale the price is
markdown by 25%. In December a second markdown of 10% is applied to
the sale price. Determine the December sale price of the
computer....
A manufacturer of women’s blouses quoted terms of 3/10, n/30, EOM and grants trade discounts to...
A manufacturer of women’s blouses quoted terms of 3/10, n/30,
EOM and grants trade discounts to in the amounts of 15 percent, 10
percent, and 4 percent. The list price of the blouses is $400 per
dozen. A retailer receives an invoice dated October 29 for nine
dozens of these blouses. The invoice is paid December 2. What is
the net cost to the retailer per blouse?
Invoice amount = $400/doz x 9 = $3,600
Dated: October 28th
Arrives: November...
Question 1 Ayayai Company is a leading manufacturer of sunglasses. One of Ayayai’s products protects the...
Question 1 Ayayai Company is a leading manufacturer of
sunglasses. One of Ayayai’s products protects the eyes from
ultraviolet rays. An upscale sporting goods store has contacted
Ayayai about purchasing 19,500 pairs of these sunglasses. Ayayai’s
unit manufacturing cost, based on a full capacity of 110,000 units,
is as follows: Direct materials $7 Direct labor 5 Manufacturing
overhead (60% fixed) 20 Total manufacturing costs $32 Ayayai also
incurs selling and administrative expenses of $77,460 plus $2 per
pair for sales...
Required information Exercise 8-11 (Algo) Trade and purchase discounts; the gross method and the net method...
Required information
Exercise 8-11 (Algo) Trade and purchase discounts; the gross
method and the net method compared [LO8-3]
Skip to question
[The following information applies to the questions
displayed below.]
Tracy Company, a manufacturer of air conditioners, sold 140
units to Thomas Company on November 17, 2021. The units have a list
price of $450 each, but Thomas was given a 20% trade discount. The
terms of the sale were 2/10, n/30. Thomas uses a perpetual
inventory system.
Exercise 8-11...
1. (Gross vs. Net- Sales Discounts) Smith Manufacturing Company offers credit customers a 3% cash discount...
1. (Gross vs. Net- Sales Discounts) Smith Manufacturing Company
offers credit customers a 3% cash discount if the sales price is
paid within 15 days. Any amounts not paid within 15 days are due in
30 days. These repayment terms are stated as 3/15, n/30. On August
1, 2018, Hawthorne sold merchandise at a price of $30,000. The
customer paid $19,400 ($20,000 less the 3% cash discount) on August
9th and the remaining balance of $10,000 on Sept. 3, 2018.Record...
1.) ABC Company regularly buys merchandise from DEF Co. and is allowed a trade discount of...
1.) ABC Company regularly buys merchandise from DEF Co. and is
allowed a trade discount of 20% from the list price. Crossings made
a purchase on March 20, 2016, and received an invoice with a list
price of P150, 000, a freight charge of P2, 500, and payment terms
of net 30 days.
Required: What is the total cost of merchandise purchased?
The total cost of merchandise is
2.)
The book value of the XYZ Trading’s inventory at year end...
Problem 1 The table in worksheet "Problem 1" is a list of orders from a company...
Problem 1
The table in worksheet "Problem 1" is a list of orders from a
company that sells sports products. Each row is an order. Only one
type of product is sold in each order, but the quantity and price
of each unit vary across orders. Information about each order
includes location, customer, segment, product sold, order date, the
list price per unit, the price each unit was actually sold in the
order (unit price), quantity of units sold, revenue...
Problem 9-1 Sheffield Company manufactures desks. Most of the company’s desks are standard models and are...
Problem 9-1
Sheffield Company manufactures desks. Most of the company’s
desks are standard models and are sold on the basis of catalog
prices. At December 31, 2017, the following finished desks (10
desks in each category) appear in the company’s inventory. Finished
Desks A B C D 2017 catalog selling price $438 $488 $916 $1,035 FIFO
cost per inventory list 12/31/17 481 465 837 969 Estimated cost to
complete and sell 53 112 275 211 2018 catalog selling price 525...
Oxford Company has limited funds available for investment and must ration the funds among four competing...
Oxford Company has limited funds available for investment and
must ration the funds among four competing projects. Selected
information on the four projects follows: Project Investment
Required Net Present Value Life of the Project (years) Internal
Rate of Return (percent)
A $960,000, $479,750 9, 22%
B $725,000 $269,540 14 16%
C $660,000 $451,487 9 25%
D $860,000 $201,480 5 19%
The net present values above have been computed using a 10%
discount rate. The company wants your assistance in determining...
Oxford Company has limited funds available for investment and must ration the funds among four competing...
Oxford Company has limited funds available for investment and
must ration the funds among four competing projects. Selected
information on the four projects follows: Project Investment
Required Net Present Value Life of the Project (years) Internal
Rate of Return (percent) A $850,000 $532,160 9 24% B $670,000
$361,380 14 19% C $550,000 $233,224 9 20% D $750,000 $235,660 5 22%
The net present values above have been computed using a 10%
discount rate. The company wants your assistance in determining...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 14 minutes ago
asked 19 minutes ago
asked 19 minutes ago
asked 26 minutes ago
asked 26 minutes ago
asked 27 minutes ago
asked 34 minutes ago
asked 45 minutes ago
asked 57 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago