Sales, Keys, Iem 0.00 – HP 10B User Manual
Page 99: 2qnpdt) 11210 d±] 2.00, Description, Cost of not taking a cash discount, Example, Year, Keys; display
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Example.
Given the following sales data, what are the sales estimates
for years six and seven?
Year
1
2
3
4
5
Sales $
10,000
11,210
13,060
16,075
20,590
Keys;
Display:
■iem
0.00
1 Q
np
D
t
] 10000 ШЗ 1.00
2Q
np
DT) 11210 d±]
2.00
3 Q
np
DT) 13060 Ё+]
4 fiNPPfl 16075
ШВ
5 lINPUTI 20590 Ш+]
ешш
7i(£^
3.00
4.00
5.00
22,000.50
24.605.00
Description:
Clears statistics registers.
Enters first year and
sales for that year.
Enters .second year’s
data.
Continues data entry.
Estimates .sales for year
.six.
Estimates sales for year
seven.
Cost of Not Taking a Cash Discount
A cash discount gives a buyer a reduction in price if the payment is made
within a specified time period. For example, "2/10, NET/30” means that
the buyer can deduct 2 percent if payment is made within 10 days. If pay
ment is not made within 10 days, the full amount must be paid by the 30th
day.
You can use the equation shown below to calculate the cost of failing to
take the cash discount. The cost is calculated as an annual interest rale
charged for delaying payment.
96
8: Additional Examples