Saved 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 $90 on weekdays and $110 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $1,623.50. (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 Net price b. How much does WeddingsRUS owe if they pay the invoice on July 10? Payable amount

Saved 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 $90 on weekdays and $110 on weekends. Terms are 2/10 EOM. WeddingsRUs placed an order for Thursday, June 1, delivery. The list price on the chosen flowers totals $1,623.50. (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 Net price b. How much does WeddingsRUS owe if they pay the invoice on July 10? Payable amount

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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