FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Complete the following table:
Note: Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent.
Item
HP computer
List price
$
1,200
Chain
discount
4/1
Net price
equivalent
rate (in
decimals)
0.9500
Single
equivalent
discount rate
(in decimals)
0.0500
Trade
discount
REFE
Net price
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Transcribed Image Text:Complete the following table: Note: Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent. Item HP computer List price $ 1,200 Chain discount 4/1 Net price equivalent rate (in decimals) 0.9500 Single equivalent discount rate (in decimals) 0.0500 Trade discount REFE Net price
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