Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 399 Weeks Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 08 Aug 2017 My Price 4.00

Multistep Income statement

Multistep Income statement

sE3. Using the accounts presented in SE2, prepare a multistep income statement.

terms of sale

sE4. A dealer buys tooling machines from a manufacturer and resells them to its customers.

a.   The manufacturer sets a list or catalogue price of $6,000 for a machine. The manufac- turer offers its dealers a 20 percent trade discount.

b.    The manufacturer sells the machine under terms of FOB shipping point. The cost of shipping is $350.

c.    The manufacturer offers a sales discount of 2/10, n/30. The sales discount does not apply to shipping costs.

What is the net cost of the machine to the dealer, assuming it is paid for within 10 days of purchase?

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 02:08 PM My Price 4.00

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