0
What else can I help you with?
Purchase discounts is the same as trade discounts true or false?
false
Trade discounts also called functional discounts are?
yes, trade discounts is also called functional discounts I wish I could improve this answer since it does not address the actual question of what these discounts are, but I am also looking for that answer, so hopefully someone will actually take the time to read the question before answering it.
What are the cons of trade discount?
Trade discounts can reduce profit margins for sellers, as they lower the selling price of goods. This discount may also lead to confusion in pricing strategies, making it challenging to maintain consistent pricing across different customers. Additionally, frequent trade discounts can devalue a brand's perceived worth and lead to expectations of lower prices from customers in the future. Lastly, managing trade discounts can complicate inventory and accounting processes.
How are percents used in daily math?
Percents are used to calculate tax on EVERY store purchase,and to calculate discounts on every "special" or "bargain".If you can't calculate percents, you can't catch mistakes or avoid being cheated.
What is the benefit of a single trade discount versus a series discount?
Single trade discount is the percentage off an individual good during an individual purchase. Discount series are several discounts given at a duration in time.
Why can't you calculate the series of trade discounts?
Because I'm a bit tired at the moment.
What are the different kinds of discount?
trade discounts, cash discounts, discount series and seasonal discounts
Purchase discounts is the same as trade discounts true or false?
false
Trade discounts also called functional discounts are?
yes, trade discounts is also called functional discounts I wish I could improve this answer since it does not address the actual question of what these discounts are, but I am also looking for that answer, so hopefully someone will actually take the time to read the question before answering it.
Why are taxes and discounts are based on percents?
Because it's easier for the person doing the shopping to calculate their taxes or discounts.
How cash discount differ from trade discount?
Trade discounts are guranteed discounts a business is getting by purchasing from a seller. Cash discounts are OPTIONAL discounts that a buyer gets if they opt to pay their bill (invoice) earlier then the due date. The seller specifies in the invoice how many days earlier a buyer has to pay their bill to get the cash discount. If a cash discount is taken, it is applied after the trade discounts, but before shipping and handling charges.
How do calculate net sales?
Net sales = Total sales - sales returns and discounts
What are subject to trade discounts?
Trade discounts are typically offered by manufacturers or wholesalers to retailers and distributors as an incentive to buy in bulk or to encourage loyalty. These discounts are applied to the list price of products and are not usually reflected in the invoice; instead, they reduce the initial price before any sales tax is calculated. Commonly, trade discounts apply to various goods, including electronics, clothing, and industrial equipment, and may vary based on the buyer's purchase volume or business relationship.
How do you record trade discounts in the General Journal?
shyama/c........dr to purchases a/c
Can you Give some examples of cash discount and trade discount?
can you give some example if cash discounts?
How do you calculate percentage discounts?
Discount = Original Price - Discounted Price.Percentage Discount = 100*Discount/(Original Price)
What is a trade discount?
Trade discount is the discount that is deducted from the source and then the actual amount is shown. The trade discounts are not shown in the books of accounts. Only the cash discount is shown in the books of accounts but the trade discount will be deducted from the actual and the net amount will be considered.
