FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please help with b
Check my ww
Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500 receive a 10% discount, over
$750 a 15% discount, over $1,000 a 20% discount All orders $1,500 and above receive a 25% discount. The delivery charge is $70 on
weekdays and $105 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on
the chosen flowers totals $1,148.50. (Round all intermediate calculations to two decimal places (the nearest penny) and enter your
final answers rounded to two decimal places.)
a. Calculate the trade discount and the net price for the flowers to be delivered.
Trade discount
229.70
Net price
918.80
b. How much does WeddingsRUs owe if they pay the invoice on July 10?
Payable amount
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Transcribed Image Text:Check my ww Living Ornaments is offering a special for wedding planners. Wedding flower orders totaling over $500 receive a 10% discount, over $750 a 15% discount, over $1,000 a 20% discount All orders $1,500 and above receive a 25% discount. The delivery charge is $70 on weekdays and $105 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $1,148.50. (Round all intermediate calculations to two decimal places (the nearest penny) and enter your final answers rounded to two decimal places.) a. Calculate the trade discount and the net price for the flowers to be delivered. Trade discount 229.70 Net price 918.80 b. How much does WeddingsRUs owe if they pay the invoice on July 10? Payable amount
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