Find the net price for an order of tires with a list price of 15,000, less trade discounts of 30/25/10. Use the net price, complement method.
A) 5,250.00
B) 9.750.00
C) 7,912.50
D) 7,087.50
Q. 2The average inventory at cost for the year for Media Industries was 162,300. Their cost of goods sold for the year was 738,400. The inventory turnover rate published for a business of this size is 5.2 times. a. Calculate the actual inventory turnover rate at cost for the company. (Round your answer to the nearest tenth) b. If the turnover rate is below the industry average of 5.2 times, calculate the target average inventory needed to match the industry standard.
Q. 3Find the net price for a three piece set of coffee tables with a list price of 2,500, less trade discounts of 25/20/15. Use the net price, complement method.
A) 1,225
B) 1,275
C) 1,500
D) 1,000
Q. 4Swenson Glass had cost of goods sold for the year of 6,240,000. The beginning inventory at cost was 586,300 and the ending inventory at cost amounted to 492,900. a. What was the average inventory for the year? b. What was the actual inventory turnover rate at cost for the company? (Round your answer to the nearest tenth)
Q. 5Easy Patterns Fabric buys merchandise with a list price of 9,500. Use the net price, complement method to find the net price if the wholesaler offers trade discounts of 25/10/5. (Round to the nearest penny)
A) 6,900.35
B) 5,622.03
C) 4,700.05
D) 6,091.88
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