(b) The State of Kentucky is planning major renovations in its parks during 2017 and enters into a contract with Grill Master to purchase 400 durable, easy maintenance, standard charcoal grills during 2017. The grills are priced at $200 each (with a cost of $160 each), and Grill Master provides a 6% volume discount if Kentucky purchases at least 300 grills during 2017 (d) On October 1, 2017, Grill Master sold one of its super deluxe combination gas/charcoal grills to a local builder. The builder plans to install it in one of its “Parade of Homes� houses. Grill Master accepted a 3-year, zero-interest-bearing note with face amount of $5,32 **********************************************************
ACC 421 Week 3 Individual BE 5-1, Ex 5-3, Ex 59, Pr 5-2, BE 2-1, BE 24-8, Pr 24-3 (With Excel File)
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