Solved

A Local RadioShack Store Wants to Buy a New Line

Question 14

Multiple Choice

A local RadioShack store wants to buy a new line of plasma TVs. Manufacturer A offers chain discounts of 18/12, and Manufacturer B offers terms of 17/13. Which single equivalent discount rate is the best deal?


A) .7221: Manufacturer A
B) .7216: Manufacturer B
C) .2779: Manufacturer A
D) .2784: Manufacturer A
E) None of these

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: Goods sold after the 25<sup>th</sup> of the

Q10: The net price equivalent rate of 9/15/18

Q11: 2/10, EOM means that the cash discount

Q13: Ed's Print Shop received an invoice dated

Q16: The single equivalent discount rate of the

Q26: 3/10, 1/15, n/30 means that a 3%

Q53: FOB shipping point means the seller pays

Q63: Which month has 30 days?<br>A)January<br>B)May<br>C)June<br>D)July<br>E)None of these

Q78: A cash discount sometimes is taken on

Q135: FOB shipping point means:<br>A)Seller pays the cost