TAILIEUCHUNG - Lecture Practical business math procedures (11/e) - Chapter 7: Discounts: trade and cash

After completing this chapter, students will be able to: Calculate single trade discounts with formulas and complements, explain the freight terms FOB shipping point and FOB destination, find list price when net price and trade discount rate are known, calculate chain discounts with the net price equivalent rate and single equivalent discount rate,. | Chapter Seven Discounts: Trade and Cash Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin LU 7-1: Trade Discounts—Single and Chain (Includes Discussion of Freight) Calculate single trade discounts with formulas and complements. Explain the freight terms FOB shipping point and FOB destination. Find list price when net price and trade discount rate are known. Calculate chain discounts with the net price equivalent rate and single equivalent discount rate. LU 7-2: Cash Discounts, Credit Terms, and Partial Payments List and explain typical discount periods and credit periods that a business may offer. Calculate outstanding balance for partial payments. Learning unit objectives Invoice 3 Trade Discount Amount & Net Price Formulas List price x Trade discount rate = Trade discount amount List price -- Trade discount amount = Net Price $5,678 -- 1, = $4, $5,678 x 25% = $1, 4 Freight Terms FOB Shipping Point - FOB Destination - .

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