Trade and Cash Discount Cases

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QRB501_r10_LTA_Trade_and_Cash_Discount_Cases_Excel.xlsx

Question 1

Case 8.1 Chapter 8 Page 305 of your text
Text: Business Math, Eleventh Edition
Case 8.1 Image Manufacturing's Rebate Offer
Part 1
Current Order
Unit Price
Additional number of pieces moved from another company
Total Order
Total Cost for the order
Rebate (%)
Rebate ($) for the total order
Total discounted price
Discounted cost per piece
Part 2
New order quantity
Unit Price
Total Cost for the order
Rebate (trade discount) ($)
Total rebate for the order
Discount (%)
Part 3
New order quantity
Unit Price
Total Cost for the order
Rebate (trade discount) ($)
Total rebate for the order
Net amount before cash discount
Cash discount (%)
Cash discount ($)
Total concession (rebate + cash discount) $
Net Price ($)
Part 4
Unit Price
Rebate (trade discount) ($)
Rebate (%)
Describe a minimum of 90 words if you think other Image Manufacturing customers may claim unfair trade practices? Why? Why not?

Question 2

Case 8.3 Chapter 8 Page 306/307 of your text
Text: Business Math, Eleventh Edition
Case 8.3 The Artist's Palette
Parts 1 and 2
Supplier 1 Supplier 2
List Price
First Trade Discount %
Second Trade Discount %
Third Trade Discount %
Net Decimal Equivalent
Net Price
Recommendation
Choose one
Part 3
Supplier 1 Supplier 2
List Price
First Trade Discount %
Second Trade Discount %
Third Trade Discount %
Net Decimal Equivalent
Single Trade Discount
Trade Discount ($)
Part 4
Terms
# of Days to take the discount
Date on invoice
Final Date to take Discount
Invoice Total
Eligible for discount
Cash Discount %
Cash Discount $
Total Amount Due Sept 26
Amount saved by paying early
Part 5
Date on Invoice 9/16/15
Terms 2/10, n/30
No. of days to take advantage of discount
Final Date to Take Discount
Date on Invoice 9/16/15
Terms 2/10, EOM
Was the Date on Invoice before 26th?
End of CURRENT Month
Days Past End of the Month
Final Date to Take Discount
Date on Invoice 9/26/15
Terms 2/10, EOM
Was the Date on Invoice before 26th?
End of NEXT Month
Days Past End of the Month
Final Date to Take Discount
In a minimum of 90 words, explain which one you would recommend.
Choose one
In a minimum of 90 words, explain why a student would pick the one chosen.