Chp 4. 4 We love discounts! by hou MANPING https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4 A business commonly gives or receives two types of discounts: trade discount and cash discount. en-us 2023-01-25 00:56:41 UTC 2025-11-02 02:40:59 UTC hello@padlet.com Class activity 1: WHO hou_manping1_1 https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481090663  For whom are the trade discounts given to? And who gives the trade discounts?]]> 2023-02-14 07:59:18 UTC https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481090663 Class activity 1: WHEN AND WHERE hou_manping1_1 https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481093161 When will the customers get the trade discounts? Where can they get the trade discounts? ]]> 2023-02-14 08:01:31 UTC https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481093161 Class activity 1: WHY hou_manping1_1 https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481093506 Why are the trade discounts given?]]> 2023-02-14 08:01:51 UTC https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481093506 Class activity 1: HOW hou_manping1_1 https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481094211 How will the business/ customers benefit from the trade discount?]]> 2023-02-14 08:02:32 UTC https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481094211 Class activity 2: Please refer to the document and answer the following questions. hou_manping1_1 https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481121837 2023-02-14 08:28:58 UTC https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481121837 Class activity 2: hou_manping1_1 https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481125101 Answer the following questions: 
1. What is the term and condition for the customer to enjoy a further 5% cash discount?
2. How much cash discount will the customer received if she pays within 15 days?]]> 2023-02-14 08:32:19 UTC https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481125101 Class activity 2: hou_manping1_1 https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481126806 Think and answer the following questions: 
1 . why do you think the business still gives cash discount even after giving trade discount?        2. Will the business still makes profit after giving both trade and cash discounts?   

]]> 2023-02-14 08:33:59 UTC https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481126806 Class activity 2: What is the journal entry the accountant will pass on 1 Jan 2022 hou_manping1_1 https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481131097 Hint: 
1. What is the total listed price of the inventories?
2. What is the invoiced amount after trade discounts are given (amount credit customers are obliged to pay) ?

(record sales revenue only since the cost of sales is not given)]]> 2023-02-14 08:38:37 UTC https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481131097 Class activity 2: what is the journal entry the accountant will pass if the customer paid on 10 Jan 2022 hou_manping1_1 https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481131837 Hint: 3 accounts affected]]> 2023-02-14 08:39:25 UTC https://padlet.com/hou_manping1_1/vehib2k5mkquq1u4/wish/2481131837