A hardware store offers a trade discount of 15% to all builders. It also offers 5% discount

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

Question:

A hardware store offers a trade discount of 15% to all builders. It also offers 5% discount for cash (on the discounted trade price). If a builder pays $1,211.25 cash, how much was the list price of the goods?

Related Book For answer-question

Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

See More Books

Posted Date: Dec 19, 2023 08:23 AM

See More Questions

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
B. Player buys and sells soft furnishings and office equipment. During August 20X9 she had the following credit transactions: 1 Aug Bought goods on credit from Desks Ltd which had a retail price of...
Write the complete APT part program to profile mill the outside edges of the part. The part is 15 mm thick. Tooling = 30 mm diameter end mill with four teeth, cutting speed = 150 mm/min, and feed =...
Use a graphing utility to approximate (to two decimal places) any relative minima or maxima of f (x) = x3 + 2x 1.
S surr is sometimes called the energy disorder term. Explain.
Explain the difference between an emissions trading scheme and a carbon tax. What are some of the benefits and limitations of each?
Social networking is becoming more and more popular around the world. Pew Research Center used a survey of adults in several countries to determine the percentage of adults who use social networking...
8.The following data is available: Country Y currency Dollar Country X currency Peso Country Y interest rate 1% per year Country X interest rate 3% per year Country X expected inflation rate 2% per...
Using basic accounting principles as a guide, provide arguments to support The IASB approach for reporting R&D costs, and The ASPE approach for reporting R&D costs. In this era of rapidly changing...
A stock is expected to return 11% in a normal economy, 19% if the economy booms, and lose 8% if the economy moves into a recessionary period. Economists predict a 65% chance of a normal economy, a...
Explain how to get approvals and compile a formal project plan. Include in your explanation an illustration and use bullets in each sub heading. Discuss how to set up a monitoring and management...
Shadow Inc. is an S corporation with a prior history as a regular corporation. At the beginning of the year, the company had AAA of $230,000 and E&P of $170,000. Schedule K of the company's Form...
Find the 5th term of the sequence a 6n+9.
Help getting only city of each country by using this indices, City_indices = [0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11] cities = [{'City': 'Buenos Aires', 'Country': 'Argentina', 'Population': 2891000,...
If you were in charge of securing and retaining sponsors for a company, event or venue, what key strategies would you employ to ensure your sponsors feel valued and appreciated?
The following graphs represent various cost behavior patterns. The vertical axis represents costs and the horizontal axis represents the level of activity. Required: For each of the following...
Juarez worked for Westarz Homes at construction sites for five years. Bever was a superintendent at construction sites, supervising subcontractors and moving trash from sites to landfills. He...
Explain a typical IT application control to prevent paying an inappropriate wage rate. Also, explain how you would test the control.
The dual dating of an audit report means: a. The release date of the financial statements was after the completion of fieldwork. b. A subsequent event occurred. c. The auditors performed audit...
At the conclusion of the audit, the wrap-up process involves all of the following except: a. Review of proper and complete execution of planned audit procedures. b. Determination that all necessary...
An investor is considering adding three new securities to her internationally focused, fixed-income portfolio. She considers the following non-callable securities: 1-year government bond 10-year...
An Australian investor currently holds an A$240 million equity portfolio. He is considering rebalancing the portfolio based on an assessment of the risk and return prospects facing the Australian...
An analyst is reviewing various asset alternatives and is presented with the following information relating to the broad equity market of Switzerland and various industries within the Swiss market...

A hardware store offers a trade discount of 15% to all builders. It also offers 5% discount

Question:

Expert Answer:

the list price as X The calculation involves applying both the trade discount and the c... View the full answer

Auditing A Practical Approach with Data Analytics

Students also viewed these finance questions