Sunday, January 5, 2020

Practical Business Math Procedures Chapter 7 Challenge...

Challenge Problems 7-49 I. Given a) Honda Insight Original Price $17,995.00 b) Honda Insight Dealer Price $16,495.00 c) Terms: 1/15 n/30 II. Unknown a. How much is the rebate? b. What percent is the rebate? c. What is the amount of the discount if the dealer pays within 15 days? d. What is the dealer’s final price? e. What is the dealer’s total savings? III. Equation a. Rebate = Original Price – Dealer Price b. % Rebate = (Rebate / Original Price) x 100% IV. Solving and Solution a. Rebate = Original Price – Dealer Price = $17995.00 – $16495.00 = $1,500.00 rebate b. % Rebate = (Rebate / Original Price) x 100% = ($1500.00 / $174995.00) x 100% = 8.34% rebate c. 15day discount = Dealer Price x Discount =†¦show more content†¦Net Price = list price – trade discount amount = $300.00 - $15.00 = $285.00 6. Lee Company bought computer equipment - $7000.00, terms 4/10, n/30, FOB shipping point ïÆ' ° Discounted price = List Price x (1-Discount) = $7000 x (100%-4%) = $7000 x 96% = $6720.00 Discounted price ïÆ' ° Final Payment = Discounted Price + FOB Shipping Point = $6720.00 + $400.00 = $7120.00 total payment 7. Which manufacturer should Julie buyShow MoreRelatedStudy Od Recruitment and Selection Process5604 Words   |  23 PagesExecutive Summary TITLE: â€Å"Study of recruitment and selection procedure† Duration: 2 months. Company: Young Grow. This is a project about the study of recruitment procedure and selection procedure carried out at young grow group of companies and to learn about the different processes used for recruitment. OBJECTIVE: The main objective was to study the recruitment procedure and know the various sources of recruitment used. 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