Calculate the Net Price Based on the Information Given Below

question 5

Short Answer

Calculate the net price based on the information given below.
$$\begin{array} { | l | l | l | l | } \hline \text { Ihem } & \text { List Price } & \text { Single Trade Discount } & \text { Net Price } \\\hline \text { Dell Laptop } & \$ 1,200 & 30 \% & \text { ? } \\\hline\end{array}$$

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Definitions:

Indirect Method

A technique used in cash flow statements where net income is adjusted for non-cash transactions and changes in working capital to arrive at cash flow from operating activities.

Cash Dividend

A payment made by a company out of its earnings to shareholders, usually in the form of cash.

Indirect Method

This method is utilized in financial accounting to calculate cash flows from operating activities by starting with net income and adjusting for changes in balance sheet accounts.

Cash Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profit.