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3241004551 [841]
3 years ago
10

Find the net price for an order of gift items with a list price $24,000 less trade discounts of 30/25/15. use the net price, com

plement method.
Business
1 answer:
Wittaler [7]3 years ago
7 0
Price of the items = $24000 
Discounts =30%, 25%, 15%. 
Sale amount after discount,
 100 - 30 = 70% = 0.7
 100 - 25 = 75% = 0.75
 100 - 15 = 85% = 0.85
 Multiplying we get the discount = 0.7 x0.75 x 0.85 = 0.44625
 So the net price = 0.44625 x 24000 = $10,710
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<h3>What is purchased on margin?</h3>

This generally involves the act of getting a loan from your brokerage and then, using the money from such loan to invest in more securities than you can buy with your available cash.

Through the method, an investors can amplify their returns if their investments outperform the cost of the loan itself.

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The following information is available for Birch Company at December 31: Cash in registers $ 2,910 Investment maturing in 9 year
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Cash and Cash Equivalents are the actual cash that a company holds as well as those that can readily be converted to cash.

They include:

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The total of cash and cash equivalent here are:

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