A craft shop buys stuffed animals with a list price of 8,000. If the wholesaler offers trade discounts of 25/25/25, find the net price factor.
A) 0.45375
B) 0.21125
C) 0.78875
D) 0.42188
Q. 2The current inventory turnover at retail for Jennifer's Lingerie is 3.8, based on net sales of 3,270,490. The published inventory turnover at retail is 5.2. Since the actual turnover rate is less than the published rate, find the target average inventory at retail.
Q. 3Find the net price for an order of gift items with a list price 24,000 less trade discounts of 30/25/15. Use the net price, complement method.
A) 18,400.00
B) 13,209.40
C) 7,200.00
D) 10,710.00
Q. 4Grande Market had net sales of 339,900 for July. They maintain a gross margin of 48 on sales, and estimate their ending inventory for July to be 96,000. What is the amount of goods available for sale?
Q. 5McClan Paving buys asphalt with a list price of 17,000. If the supplier extends trade discounts of 42/22/11, find the net price using the complement method.
A) 3,100.25
B) 6,844.20
C) 4,976.37
D) ,5900.25
Q. 6Wycombe Hobby Shop had a cost of goods sold for the year of 160,240. The targeted average inventory needed to match the industry standard is 48,200. What is the published industry standard for inventory turnover? (Round to nearest tenth)
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