What is the net cost of the machine to the dealer, Accounting Basics

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What is the net cost of the machine to the dealer

A dealer buys tooling machines from a manufacturer and resells them to its customers. The manufacturer sets a list or catalogue price of $6,000 for a machine. The manufacturer offers its dealers a 20 percent trade discount. The manufacturer sells the machine under terms of FOB shipping point. The cost of shipping is $350. 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?

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Accounting Basics: What is the net cost of the machine to the dealer

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Accounting Basics: What is the net cost of the machine to the dealer

Reference No:- TGS047932

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Show the effects of conscription on aggregate consumption

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Q : How asymmetric information led to crises

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the net cost of the machine to the dealer

Reference No:- TGS047932

Recent Questions Asked Accounting Basics

Q : Show the effects of conscription on aggregate consumption

Q : Determine walter''s agi

Q : How asymmetric information led to crises

Q : Determine the adjustment to income due to the change

Q : What is the net cost of the machine to the dealer

Q : Explain carmakers from challenges from imported used cars

Q : Explain shortcomings of nafta for the last twenty years

Q : Pretax financial income or loss and taxable income

Q : Find payback period and the average accounting return

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