15 Feb Calculate the cash discount and the net amount due the transaction (in $). (Round your answers to the nearest cent.) Amount of Invoice Terms of Sale Cash Discount Net Amount Due $4

Would you please help me ?
Calculate the cash discount and the net amount due the transaction (in $). (Round your answers to the nearest cent.)
Amount of
Invoice Terms of
Sale Cash
Discount Net
Amount Due
$4,010.20 4/10, n/30 $ $
2.
A boutique buys some merchandise with a list price of $3,800. If the wholesaler extends a 40% trade discount rate, find the trade discount (in $).
$
3.
Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the transaction. Unless otherwise specified, the net date is 20 days after the discount date.
Date of Invoice Terms of Sale Discount Date Net Date
March 27 2/10, ROG
Rec’d April 28 —Select— January February March April May June July August September October November December —Select— January February March April May June July August September October November December
4.
This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part.

Tutorial Exercise
Sharma Kennels buys some items with a list price of $4,600. The supplier extends a 30% trade discount rate. What is the net price (in $)?
5.
This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part.

Tutorial Exercise
A retailer purchases some merchandise with an invoice price of $21,800 and terms of sale of 6/15, n/45. What is the net amount due (in $) on the order if a partial payment of $10,800 is made on the 15th day?
Step 1
The terms of the sale 6/15, n/45 means that a 6% cash discount is offered if the invoice is paid within 15 days. If the invoice is not paid within 15 days, the full amount must be paid within 45 days. A partial payment may be made to take advantage of the discount if the full amount cannot be paid before the discount date. The amount due after a partial payment has been made, called the net amount due, is the difference of the net price and the partial payment credit.
Since a partial payment of $10,800 was made on the 15th day, a partial payment credit will be applied. This formula is below.
partial payment credit =
partial payment
100% ?? cash discount rate
The cash discount rate is 6%, so we have the following.
100% ?? cash discount rate = 100% ?? 6%
= %
6.
A business supply store bought some merchandise with a list price of $13,800. The wholesaler extended a trade discount that made the net price $8,970. Find the trade discount rate (as a %).
%
7.
Calculate the net price factor and single equivalent discount. For convenience, round your answers to five decimal places when necessary.
Trade
Discount
Rate Net Price
Factor Single
Equivalent
Discount
20/15/14
8.
Use the Panorama Products invoice below to answer the question. (Note: Although 26 boxes of 2″ reflective tape were ordered, only 11 boxes were shipped. Charge only for the boxes shipped.)
Invoice
Panorama Products
486 5th Avenue
Eureka, CA 95501
R-7438
June 16, 20XX
14122
J.M. Hardware Supply
2051 West Adams Blvd.
Lansing, MI 48901
SAME
H. Berns
Herman Trucking
Net 45 Days
Effingham, IL
17 cases
17 cases
Masking Tape 1/2″ Standard
$21.90
12 cases
12 cases
Masking Tape 1 1/2″ Standard
24.79
26 boxes
11 boxes
2″ Reflective Tape
89.56
37 case
37 case
Sandpaper Assorted
74.64
$62.45
$32.99
Insurance
An invoice. The top of the invoice is divided into several distinct sections.
The first section is located in the top left of the invoice, is unlabeled, and contains “Panorama Products 486 5th Avenue Eureka, CA 95501.”
The second section is located in the top right of the invoice, is unlabeled, and contains “No. R?7438.”
The third section is located below the second and to the right of the first, is unlabeled, and contains “Invoice Date June 16, 20XX” and “Customer’s Order No. 14122.”
The fourth section is located below the first, is labeled “Sold To:,” and contains “J.M. Hardware Supply 2051 West Adams Blvd. Lansing, MI 48901.”
The fifth section is located below the third, is labeled “Ship To:,” and contains “SAME.”
The sixth section is below the fourth and fifth sections, extends horizontally across the invoice, and is divided into four subsections. The subsections are as follows.
Salesman H. Berns
Shipped Via Herman Trucking
Terms Net 45 Days
F.O.B. Effingham, IL
The bottom of the invoice contains the itemization of the invoice. Information regarding this itemization can be found in the adjacent table.
Table
What is the insurance on the invoice?
$32.99$210.89 $62.45Effingham, ILNone listed
9.
Calculate the trade discount and net price (in $) to the nearest cent.
List Price Trade Discount Rate Trade Discount Net Price
$287.00 25% $ $
10.
Use the Panorama Products invoice below to answer the question. (Note: Although 26 boxes of 2″ reflective tape were ordered, only 11 boxes were shipped. Charge only for the boxes shipped.)
Invoice
Panorama Products
486 5th Avenue
Eureka, CA 95501
R-7439
June 16, 20XX
13122
J.M. Hardware Supply
2051 West Adams Blvd.
Lansing, MI 48901
SAME
H. Gilbert
Marshall Trucking
Net 30 Days
Effingham, IL
17 cases
17 cases
Masking Tape 1/2″ Standard
$21.70
12 cases
12 cases
Masking Tape 1 1/2″ Standard
24.79
26 boxes
11 boxes
2″ Reflective Tape
89.56
37 case
37 case
Sandpaper Assorted
74.74
$62.45
$42.99
Insurance
An invoice. The top of the invoice is divided into several distinct sections.
The first section is located in the top left of the invoice, is unlabeled, and contains “Panorama Products 486 5th Avenue Eureka, CA 95501.”
The second section is located in the top right of the invoice, is unlabeled, and contains “No. R?7439.”
The third section is located below the second and to the right of the first, is unlabeled, and contains “Invoice Date June 16, 20XX” and “Customer’s Order No. 13122.”
The fourth section is located below the first, is labeled “Sold To:,” and contains “J.M. Hardware Supply 2051 West Adams Blvd. Lansing, MI 48901.”
The fifth section is located below the third, is labeled “Ship To:,” and contains “SAME.”
The sixth section is below the fourth and fifth sections, extends horizontally across the invoice, and is divided into four subsections. The subsections are as follows.
Salesman H. Gilbert
Shipped Via Marshall Trucking
Terms Net 30 Days
F.O.B. Effingham, IL
The bottom of the invoice contains the itemization of the invoice. Information regarding this itemization can be found in the adjacent table.
Table
What is the invoice number?
77R-7439 489011312295501
11.
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 Trade
Discount
Rate Net Price
Factor Single
Equivalent
Discount Trade
Discount Net Price
$630.70 31/15/5 $ $
12.
Use the Panorama Products invoice below to answer the question. (Note: Although 26 boxes of 2″ reflective tape were ordered, only 11 boxes were shipped. Charge only for the boxes shipped.)
Invoice
Panorama Products
486 5th Avenue
Eureka, CA 95501
R-7538
June 16, 20XX
14155
J.M. Hardware Supply
2051 West Adams Blvd.
Lansing, MI 48901
SAME
H. Gilbert
Herman Trucking
Net 60 Days
Effingham, IL
16 cases
16 cases
Masking Tape 1/2″ Standard
$21.70
12 cases
12 cases
Masking Tape 1 1/2″ Standard
24.79
26 boxes
11 boxes
2″ Reflective Tape
87.56
37 case
37 case
Sandpaper Assorted
74.74
$61.45
$42.99
Insurance
An invoice. The top of the invoice is divided into several distinct sections.
The first section is located in the top left of the invoice, is unlabeled, and contains “Panorama Products 486 5th Avenue Eureka, CA 95501.”
The second section is located in the top right of the invoice, is unlabeled, and contains “No. R?7538.”
The third section is located below the second and to the right of the first, is unlabeled, and contains “Invoice Date June 16, 20XX” and “Customer’s Order No. 14155.”
The fourth section is located below the first, is labeled “Sold To:,” and contains “J.M. Hardware Supply 2051 West Adams Blvd. Lansing, MI 48901.”
The fifth section is located below the third, is labeled “Ship To:,” and contains “SAME.”
The sixth section is below the fourth and fifth sections, extends horizontally across the invoice, and is divided into four subsections. The subsections are as follows.
Salesman H. Gilbert
Shipped Via Herman Trucking
Terms Net 60 Days
F.O.B. Effingham, IL
The bottom of the invoice contains the itemization of the invoice. Information regarding this itemization can be found in the adjacent table.
Table
What is the unit price (in $) of 1/2″ Standard Masking Tape?
$
13.
Calculate the trade discount and net price (in $) to the nearest cent.
List Price Trade Discount Rate Trade Discount Net Price
$21.39 18% $ $
14.
This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part.

Tutorial Exercise
A photographer buys some merchandise with a list price of $6,000. If the supplier offers trade discount rates of 45/20/5, find the trade discount. (Find the single equivalent discount first.)
Step 1
Recall the steps to find the trade discount given the list price and trade discount rates.
Calculate the net price factor by subtracting each trade discount from 100%, converting to decimal form, and multiplying them together.
Find the single equivalent discount by subtracting the net price factor from 1.
The trade discount is the product of the list price and the single equivalent discount.
The given trade discounts of 45/20/5 represent individual discounts of 45%, 20%, and 5%. First subtract each trade discount from 100% to find the complement and convert to decimal form.
Find the complement of the 45% trade discount.
complement = 100% ?? trade discount
= 100% ?? 45%
= %
Converting this percentage to a decimal gives .
Find the complement of the 20% trade discount.
complement = 100% ?? trade discount
= 100% ?? 20%
= %
Converting this percentage to a decimal gives .
Find the complement of the 5% trade discount.
complement = 100% ?? trade discount
= 100% ?? 5%
= %
Converting this percentage to a decimal gives .
15.
Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.)
Quantity Unit Merchandise Unit List Trade
Discounts Extended
Total
150 ea. Blenders $49.95 20/15/15 $
300 ea. Toasters $38.88 20/10/10 $
18 doz. Coffee Mills $244.30 30/9/7 $
12 doz. Juicers $440.00 25/10/5 $
Invoice subtotal $
Extra
5
1
2
%
volume discount on total order
?? $
Invoice total $
16.
Using the ordinary dating method, calculate the discount date and the net date for the transaction.
Date of Invoice Terms of Sale Discount Date(s) Net Date
April 5 2/10, n/45 —Select— January February March April May June July August September October November December —Select— January February March April May June July August September October November December
17.
Suppose a supermarket ordered 11 cases of organic vegetable soup with a list price of $18.90 per case and 6 cases of organic baked beans with a list price of $33.50 per case. The wholesaler offered the supermarket a 39% trade discount. (Round your answers to the nearest cent.)
(a)
What is the total extended list price (in $) of the order?
$
(b)
What is the total amount of the trade discount (in $) on this order?
$
(c)
What is the total net amount (in $) the supermarket owes the wholesaler for the order?
$
18.
Using the ordinary dating method, calculate the discount date and the net date for the transaction.
Date of Invoice Terms of Sale Discount Date(s) Net Date
October 11 3/20, n/45 —Select— January February March April May June July August September October November December —Select— January February March April May June July August September October November December
19.
Complete the following receipt (in $).
Stock # Quantity Unit Description Unit Price Total
424 15 ea. 24″ Bird Feeder $23.00
121 33 10 lbs Standard Feed 11.00
504 39 ea. Wren House 12.00
Invoice Subtotal
Shipping Charges $47.00
Invoice Total
20.
Use the Panorama Products invoice below to answer the question. (Note: Although 26 boxes of 2″ reflective tape were ordered, only 10 boxes were shipped. Charge only for the boxes shipped.)
Invoice
Panorama Products
486 5th Avenue
Eureka, CA 95501
R-7538
June 16, 20XX
14155
J.M. Hardware Supply
2051 West Adams Blvd.
Lansing, MI 48901
SAME
H. Berns
Gilbert Trucking
Net 30 Days
Effingham, IL
17 cases
17 cases
Masking Tape 1/2″ Standard
$21.90
11 cases
11 cases
Masking Tape 1 1/2″ Standard
25.79
26 boxes
10 boxes
2″ Reflective Tape
88.56
37 case
37 case
Sandpaper Assorted
74.74
$62.45
$32.99
Insurance
An invoice. The top of the invoice is divided into several distinct sections.
The first section is located in the top left of the invoice, is unlabeled, and contains “Panorama Products 486 5th Avenue Eureka, CA 95501.”
The second section is located in the top right of the invoice, is unlabeled, and contains “No. R?7538.”
The third section is located below the second and to the right of the first, is unlabeled, and contains “Invoice Date June 16, 20XX” and “Customer’s Order No. 14155.”
The fourth section is located below the first, is labeled “Sold To:,” and contains “J.M. Hardware Supply 2051 West Adams Blvd. Lansing, MI 48901.”
The fifth section is located below the third, is labeled “Ship To:,” and contains “SAME.”
The sixth section is below the fourth and fifth sections, extends horizontally across the invoice, and is divided into four subsections. The subsections are as follows.
Salesman H. Berns
Shipped Via Gilbert Trucking
Terms Net 30 Days
F.O.B. Effingham, IL
The bottom of the invoice contains the itemization of the invoice. Information regarding this itemization can be found in the adjacent table.
Table
Who is the salesperson?
J.M. HardwareGilbert Trucking H. BernsPanorama ProductsWest Adams
21.
[-/0.78 Points]DETAILSBRECMBC9 7.III.002.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Calculate the net price factor and net price (in dollars). For convenience, round the net price factor to five decimal places and the net price to the nearest cent, when necessary.
List Price Trade Discount Rate Net Price Factor Net Price
$495.60 22/15/5 $
22.
A retailer buys merchandise from a supplier with an invoice amount of $12,200. The terms of the sale are 5/20, n/30. What is the net amount due (in $) on the order if the bill is paid by the 20th day?
$
23.
Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9,500 with trade discounts of 25/12/8.
(a)
What is the net price factor?
(b)
What is the single equivalent discount?
(c)
What is the amount (in dollars) of the trade discount?
$
(d)
What is the net price (in dollars) of the order?
$
24.
Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the nearest tenth of a percent.
List Price Trade Discount Trade Discount Rate Net Price
$4,500.00 $ % $3,515.00
25.
Calculate the credit given for the partial payment and the net amount due on the invoice (in $). (Round your answers to the nearest cent.)
Amount of
Invoice Terms of
Sale Partial
Payment Credit for
Partial Payment Net
Amount Due
$8,303.00 2/10, n/30 $2,700 $ $
26.
Calculate the trade discount (in $). Round your answer to the nearest cent.
List Price Trade Discount Rate Trade Discount
$135.50 12% $
27.
As part of the employment interview for an accounting job at Sound Design, you have been asked to answer the questions below, based on an invoice from one of Sound Design’s vendors, Target Electronic Wholesalers.
Invoice
Stock # Description Unit Price Amount
4811V Stereo Receivers 50 ?? $294.50 = _______________________
511CX Blu-Ray Players 25 ?? $133.28 = _______________________
6146M Home Theater Systems 40 ?? $659.12 = _______________________
1031A LCD TVs 20 ?? $597.00 = _______________________
Merchandise Total _______________________
Insurance + Shipping $1,350.00
Invoice Total _______________________
An invoice. The top of the invoice is divided into several distinct sections.
The first section is located in the top left of the invoice, is unlabeled, and contains an image of a target with an arrow in the center of the target.
The second section is located in the top center of the invoice, is unlabeled, and contains “Target Electronic Wholesalers 1979 N.E. 123 Street Jacksonville, FL 32204.”
The third section is located below the first, is labeled “Sold To:,” and contains “Sound Design 480 McDowell Rd. Phoenix, AZ 85008.”
The fourth section is located to the right of the third, is unlabeled, and contains “Invoice Date June 28, 20XX” and “Terms of Sale 3/15, n/30 ROG.”
The bottom of the invoice contains the itemization of the invoice. Information regarding this itemization can be found in the adjacent table.
Table
(a)
Complete the invoice itemization by finding the total amount (in $) for each item, the merchandize total (in $), and the total amount of the invoice (in $).
Stock # Description Unit Price Amount
4811V Stereo Receivers 50 x $294.50 $
511CX Blu-Ray Players 25 x $133.28 $
6146M Home Theater Systems 40 x $659.12 $
1031A LCD TVs 20 x $597.00 $
Merchandise Total $
Insurance + Shipping $
Invoice Total $
(b)
What are the discount date and the net date if the shipment arrived on July 14?
Discount Date —Select— January February March April May June July August September October November December Net Date —Select— January February March April May June July August September October November December
(c)
While in transit, five Blu-ray players and four LCD TVs were damaged and will be returned. What is the amount (in $) of the returned merchandise? What is the revised merchandise total (in $)?
Returned merchandise$ Revised merchandise total$
(d)
What are the amount (in $) of the cash discount and the net amount due if the discount is taken? (Round your answers to the nearest cent.)
Cash discount$ Net amount due$
(e)
If Sound Design sends in a partial payment of $30,000.00 within the discount period, what is the net balance (in $) still due? (Round your answer to the nearest cent.)
$
28.
[-/0.78 Points]DETAILSBRECMBC9 7.III.004.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Calculate the net price factor and net price (in dollars). For convenience, round the net price factor to five decimal places and the net price to the nearest cent, when necessary.
List Price Trade Discount Rate Net Price Factor Net Price
$769.30 15/10/5 $
29.
Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent.
List Price Trade Discount Rate Net Price Factor Net Price
$1,244.25 45.2% % $
30.
Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the transaction. Unless otherwise specified, the net date is 20 days after the discount date.
Date of Invoice Terms of Sale Discount Date Net Date
April 29 3/15, EOM —Select— January February March April May June July August September October November December —Select— January February March April May June July August September October November December
31.
Suppose you are the buyer for the housewares department of a department store. A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls, Brand A offers a list price of $400 per dozen less a 37% trade discount. Brand B offers a similar set for a list price of $425 less a 42% trade discount.
(a)
Which vendor is offering the lower net price?
Brand ABrand B
(b)
If you order 500 dozen sets of the bowls, how much money (in $) will be saved by using the lower-priced vendor?
$
32.
Calculate the trade discount (in $). Round your answer to the nearest cent.
List Price Trade Discount Rate Trade Discount
$325.00 7% $
33.
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 Trade
Discount
Rate Net Price
Factor Single
Equivalent
Discount Trade
Discount Net Price
$9,800.00 15/4/4 $ $
34.
Calculate the cash discount and the net amount due the transaction (in $).
Amount of
Invoice Terms of
Sale Cash
Discount Net
Amount Due
$15,660.00 2/10, n/45 $ $
35.
Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the transaction. Unless otherwise specified, the net date is 20 days after the discount date.
Date of Invoice Terms of Sale Discount Date Net Date
February 9 2/10, 60 Extra —Select— January February March April May June July August September October November December —Select— January February March April May June July August September October November December
36.
Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent.
List Price Trade Discount Rate Net Price Factor Net Price
$3,499.00 35% % $
37.
This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part.

Tutorial Exercise
A catering company buys some items with a list price of $7,000. If the supplier extends trade discount rates of 35/30/25, find the net price (in $) using the net price factor, complement method.
38.
Calculate the net price factor and net price (in dollars). For convenience, round the net price factor to five decimal places and the net price to the nearest cent, when necessary.
List Price Trade Discount Rate Net Price Factor Net Price
$0.79 20/9/6 $