A. Solve the following (round off 2 decimal places):1. How much is the discount for an item with a list price of P13,500 subject to a 15%discount? What is the net price?2. A cabinet listed at P14,000 is sold to a retailer at 14.7% discount. Find the amount oftrade discount and the net price.al dinning sets at the s3. Two suppliers offer identical dinning sets at the same list price. However, Company Agives trade discount series of 15%, 10 %, and 10% while Company B offers 20%, 10%,and 5%. Which is a better discount for the buyer?4. Yuki bought a notebook set for P250. She spent P20 for transportation fee. She soldher notebook for P260.a. How much is the profit or loss?b. What is the profit/loss percent?VICIVE

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Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter23: Other Topics In Working Capital Management

Section: Chapter Questions

Problem 8MC

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You place an order for 470 units of inventory at a unit price of $175. The supplier offers terms of 2/15, net 90. a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. What is the discount being offered? b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. If you don't take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. How many days' credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-1. Days until overdue a-2. Remittance b-1. Discount offered b-2.…
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