QRB 501 QUANTITATIVE REASONING FOR BUSINESS Answer the following problems and show all work 1 A buyer gets an invoice for 460 with Terms 4 10
QRB QUANTITATIVE REASONING FOR BUSINESS Answer the following problems and show all work A buyer gets an
QRB QUANTITATIVE REASONING FOR BUSINESS Answer the following problems and show all work
BUSINESS Answer the following problems and show all work A buyer gets an invoice for with Terms
all work A buyer gets an invoice for with Terms
QRB QUANTITATIVE REASONING FOR
QRB/501 - QUANTITATIVE REASONING FOR BUSINESS Answer the following problems and show all work: 1) A buyer gets an invoice for \$460 with Terms 4/10,...

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QRB/501 - QUANTITATIVE REASONING FOR BUSINESS Answer the following problems and show all work: 1) A buyer gets an invoice for \$460 with Terms 4/10, 1/15, n/30. How much would he pay six days after the invoice date? 2) Calculate the Net Price for 30 boxes of computer paper if the unit price is \$12.75 and a single discount rate of 30% is allowed? 3) An invoice for \$940 is dated October 15 and has sales terms of 2/11 ROG. The goods arrive on October 21. How much is due if the bill is paid on November 5? 4) A man has an invoice for \$3,982.48. The invoice indicates terms of 5/10, 4/15, n/30. He can budget payment of \$2,100 within ten days of the date of the invoice and the remainder within the 30-day period. How much should be credited to the account for the \$2,100 payment? What is the outstanding balance after the \$2,100 payment was credited to the account? 5) One company needs to calculate the Net Price of an order with a List Price of \$900 and a Trade Discount Series of 11/8/4. Use the Net Decimal Equivalent to find the Net Price. 6) Fruit Purchase = 400 lb. Cost/lb. = \$0.15 Markup on Cost = 175% Spoilage Rate = 8% What will be the Selling Price/lb. to achieve the desired Markup assuming 8% spoilage? 7) Cost = \$60 Selling Price = \$225 What is the Amount of Markup? What is the Markup Rate % based on Cost? 8) Cost/Unit = \$7.50 Purchase = 48 Units Markup on Cost = 60% What is the Selling Price per unit? 9) Cost = \$60 Selling Price = \$80 What is the Markup % Rate based on Selling Price? 10) Markup Amount = \$39 Markup Rate based on Selling Price = 53% What is the Selling Price? What is the Cost? 11) List Price = \$750 Sale Price = \$550 What is the Markdown Amount? What is the Markdown Rate %?