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##### Finance questions_26 Aug

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Question;Finance questions_26 Aug;A man received an invoice dated March 9, with term;4/10, n/30 amounting to $510. He paid the bill on March 12. How much was the;cash discount?;A man gets an invoice for $440 with terms 4/10;1/15, n/29. How much would he pay 24 days after the invoice date?;An invoice for a camcorder that cost $1240 is dated;August 2, with sales terms of 2/10 EOM. If the bill is paid on Sept 6, How much;is due?;An invoice is dated for Oct 14 and has sales terms;of 2/10 ROG. The merchandise arrives Oct 17. How much is due if the bill is;paid Oct 26?;Kariem Salaam is directing the accts payable office;and is training a new accts payable associate. They are processing an invoice;for a credenza that is dated August 19 in the amount of $392.34. The delivery;ticket for the credenza is dated Aug 23. If the sales terms indicated on the;invoice are 3/9 ROG, how much needs to be paid if the bill is paid on September;5?;A machine shop received a shipment of goods from a;distributor. The bill of lading was marked freight collect. Who paid the;freight? To whom was the freight paid?;a.;Nobody paid the freight;b.;The distributor;paid the freight;c.;Both paid the;freight;d. The machine shop paid the freight to the freight;company;Selling price= $39.99, Markup= $15.99. Find the;cost.;Markup= $60, Rate of markup based on cost = 81%.;a.;Find the cost.;b.;Find the selling;price;Nineteen decorative enamel balls cost $11.48 and are;marked up $9.45.;a. Finding the;selling price for each one;b.;Find the total;amount of margin or markup for the 19 balls.;A sofa costs $388 and sells for $698.40, Which is;180% of the cost.;a.;Find the rate of markup.;b. Find the markup.;What is the cost of a sink that is marked up $182;if the markup rate is 65% based on cost?;Selling price = $1930, cost = $788. Find the rate;of markup based on the selling price. Round to the nearest tenth of a percent.;Markup based on selling price = 17%, markup = $320.;Find the selling price. Round to the nearest cent.;An item has a 22% markup based on selling price.;The markup is $100.;a.;find the selling price;b. Find the cost;An item sells for $32 and is reduced to sell for;$28. Find the markdown amount and the rate of markdown.;markdown;amount;rate of markdown.;An item is originally priced to sell for $75 and is;marked down 60%. A customer has a coupon for an additional 5%. What is the;total percent reduction?;Pauls Grocery received 1000 pounds of onions at;$0.12 per pound. On average, 3% of the onions will spoil before selling. Find;the selling price per pound to obtain a markup rate of 180% based on cost.;A director of accounts received a bill for $647;dated April 5, with sales terms 3/10, 2/15, n/30. A 4% penalty is charged for;payment after 30 days. If the director of accounts pays on or after May 6, How;much must he pay?

Paper#37570 | Written in 18-Jul-2015

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