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 Net price

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 Net price

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List Price: $650.70 Trade Discount Rate: 31/15/5
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NOTE: DONT USE EXCEL AND SHOW YOUR SOLUTION.
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