A discount store purchased some special products at a list price of $1,600. If the broker gives

Fantastic news! We've Found the answer you've been seeking!

Question:

A discount store purchased some special products at a list price of $1,600. If the broker gives a 20.25% trade discount, what is the amount of the trade discount?

a. $950.00

b. $1,276.00

c. $1,706.00

d. $324.00

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

See More Books

Posted Date: Jan 02, 2021 06:52 PM

See More Questions

The Lambert Corporation sells merchandise at a list price of $70,000 with accompanying terms of 2/10, n/30 on December 8, 2007. By December 18, 2007, Lambert had collected from customers for...
Lambert Corporation sells merchandise at a list price of $70,000 with accompanying terms of 2/10, n/30 on December 8, 2016. By December 18, 2016, Lambert had collected from customers for merchandise...
X Company is considering conducting an immediate advertising campaign in order to increase sales of one of its more popular products. The marketing department did market research last year that...
At year-end 2010, 28,879 million represents: A. the funded status of the plan. B. the defined benefit obligation. C. the fair value of the plans assets. Kensington plc, a hypothetical company based...
Explain carefully what is meant by the expected price of a commodity on a particular future date. Suppose that the futures price of crude oil declines with the maturity of the contract at the rate of...
Steam at a pressure of 10 bar and 0.9 dry expands to 1 bar hyperbolically. Find (a) work done and heat absorbed, (b) internal energy and change in enthalpy. Take specific heat of steam at constant...
The square, flat plate shown in Fig. P9.49a is cut into four equal-sized pieces and arranged as shown in Fig. P9.49b. Determine the ratio of the drag on the original plate [case (a)] to the drag on...
a. Keith Thomas and Thomas Brooks began a new consulting business on January 1, 2015. They organized the business as a C corporation, KT, Inc. During 2015, the corporation was successful and...
Direct labor costs Family Model Deluxe Model $72,900 $145,800 Machine hours 2,000 2,000 Setup hours 200 800 Packaging hours 50 75 The estimated overhead of $437,400 is allocated as follows: machining...
The Bellow Trust has the following activities during Year 2. Dividend Income $100,000 Tax-Exempt Interest Income $15,000 Recognized Long-Term Capital Gain, allocated by trust agreement to income...
What is the Impact of policy changes and supply chain issues impacting manufacturing, importing and exporting and consumer prices in the United states?
You manage a two-product firm. The production technology requires a mixture of capital and labor to produce each product. Capital is shared, while labor is specific to each of the two products. For...
Write the net ionic equation for the equilibrium that is established when ammonium iodide is dissolved in water. (Use H3O+ instead of H+. It is not necessary to include states such as (aq) or (!).) +...
In 2018, Gig Harbor Heavy Metal, Inc. announced an after tax profit of $587,990. In 2019, it announced an after tax profit of $571,222. What is the percent change in after tax profits from 2018 to...
what ways do calligraphers engage with digital technologies and software to augment their creative process or facilitate collaboration in the modern age ?
4- Find the missing numbers "letters A, B, C, D, E, F, G and I". a-16N (a, 1p) Bo b-H(1H, CH){H c-EC (C, a) 10Ne d-H(H, n) He
AH values: Find the AH for the reaction below, given the following reactions and subsequent CaO(s) + SO3(g) CaSO4(s) CaO(s) Ca(s) + O2(g) H2SO4(1) + Ca(s)CaSO4(s) + H2(g) H2SO4(1) HO(1) -> SO3(g) +...
Element compound homogeneous mixture (heterogeneous mixture) 4) A piece of gold has a mass of 49.75 g. What should the volume be if it is pure gold? Gold has a density of 19.3 g/cm (3 points) D=m/v...
Which of the following does a company include in property, plant, and equipment on the balance sheet? 1. Idle equipment awaiting sale 2. Land held for future use as a plant site 3. Land held for...
What is a perpetual accounting system? What journal entries are involved?
The Ravis Rent-A-Car Company leases a car to Ira Reem, an employee, on January 1, 2007. The term of the non-cancelable lease is four years. The following information about the lease is provided: 1....
What type of signal is the output of a non-ICP accelerometer?
What are the negative aspects of using a seismic transducer?
Which industrial transducer does not require a power supply (selfgenerated signal)?

A discount store purchased some special products at a list price of $1,600. If the broker gives

Question:

Expert Answer:

To calculate the trade disc... View the full answer

Intermediate Accounting

Students also viewed these business communication questions