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DaniilM
1 month ago
3

since stores will calculate the total price of your purchase for you, why is it important to be able to calculate discounts your

self?
Business
2 answers:
Katen [3.5K]1 month ago
7 0

Answer:

The main reason for this is to confirm that the right discounts have been applied.

Explanation:

It’s essential to perform discount calculations independently to ensure each discount is properly applied to every item's price. Often, stores announce discounts before their pricing systems are updated, leading to scenarios where not all products receive discounts during checkout; only those recorded in the system do. Knowing how to calculate this is also crucial for understanding the actual total cost of your intended purchases.

Wishing you a great day!

harina [3.8K]1 month ago
7 0
There are several reasons for needing to calculate discounts ourselves:
- To verify the accuracy of the store's calculations
- To ensure we have enough money on hand to purchase the products from the store

I hope this information is helpful
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Response:

Year 1: Cumulative preferred stock dividends amount to $51,000; Common stock dividends amount to 0.

Year 2: Cumulative preferred stock dividends amount to $93,000; Common stock dividends amount to $12,000.

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Clarification:

Year 1

Total dividends distributed = $51,000

Cumulative preferred stock dividends due = 60,000 * $60 * 2% = $72,000

Paid dividends to cumulative preferred stock = $51,000

Outstanding cumulative preferred stock dividends carried over = $72,000 - $51,000 = $21,000

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Year 2

Total dividends distributed = $105,000

Cumulative preferred stock dividends due for year 2 = 60,000 * $60 * 2% = $72,000

Total cumulative preferred stock dividends owed = 72,000 plus the amount carried over from year 1 = $72,000 + $21,000 = $93,000

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Year 3

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18 days ago
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