Practical Business Math Procedures 12Th Edition Slater Test Bank Full Chapter PDF

Practical Business Math Procedures
12th Edition Slater Test Bank

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Chapter 07 Test Bank - Static KEY
1. List price × trade discount rate = amount of trade discount.
TRUE
Review your notes on terminology and vocabulary related to this material.

Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
Learning Objective: 07-01 (1) Calculate single trade discounts with formulas and complements.
Topic: LU 07-01 Trade Discounts-Single and Chain (Includes Discussion of Freight)
2. Trade discounts represent increases to the purchase price.
FALSE

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
3. Sellers' catalogs list only the net price.
FALSE

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
Learning Objective: 07-01 (3) Find list price when net price and trade discount rate are known.
4. The trade discount results if the customer pays the bill within the discount period.
FALSE

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
5. Amounts of trade discounts are not fixed.
TRUE

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
6. Trade discounts sometimes are taken on freight.
7-1
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
FALSE

Blooms: Understand
Difficulty: 2 Medium
Gradable: automatic
7. Net price times rate of trade discount equals amount of trade discount.
FALSE

Blooms: Understand
Gradable: automatic
8. Net price plus amount of trade discount equals list price.
TRUE

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
9. The portion could represent the amount of trade discount in the portion formula.
TRUE

Blooms: Understand
Gradable: automatic
10. The complement of 25% is 52%.
FALSE
The complement of a percent is 100 minus that percent, so the complement of 25% would be 75%.
Blooms: Apply
Gradable: automatic
11. A radio with a net price of $700 and a trade discount rate of 30% has a list price of $1,000.
TRUE
7-2
1,000 minus 30% ($1,000 × .30 = $300) is 700.
Blooms: Apply
Difficulty: 3 Hard
Gradable: automatic
12. A chain discount is a series of three or more successive discounts.
FALSE
A chain discount is a series of two or more discounts.

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
Learning Objective: 07-01 (4) Calculate chain discounts with the net price equivalent rate and single equivalent discount rate.
13. Chain discounts sometimes may be added together.
FALSE
Do not add chain discounts together; that will result in an error. They are multiplied successively.
Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
14. The net price equivalent rate helps one calculate the actual cost to the seller.
FALSE
The net price equivalent rate helps to quickly determine the actual cost to the buyer.
Blooms: Understand
Gradable: automatic
15. The complement of 10% is 90%, or in decimal .90.
TRUE
10 + 90 = 100.
Blooms: Apply
Gradable: automatic
16. The net price equivalent rate should be rounded to the nearest hundredth.
FALSE
Do not round off the rate as the full decimal value is needed to calculate the final discount accurately.
7-3
Blooms: Understand
Gradable: automatic
17. A net price equivalent rate of .74225 means that for each $10 the buyer's cost will be approximately 74 cents.
FALSE
The net price equivalent rate means that the buyer pays .742225 for each dollar of the list price. You never round
the equivalent rate as it changes the value. Rounding occurs when rounding the dollar price. $10 × .74225 =
$7.4225, which becomes $7.42 rounded.
Blooms: Apply
Gradable: automatic
18. The single equivalent discount rate is found by taking the net price equivalent rate and adding it to 1.
FALSE
The single equivalent discount rate is found by subtracting the net price equivalent rate from 1.
Blooms: Understand
Gradable: automatic
19. A single equivalent discount rate of .45975 means the buyer saves approximately 46 cents per $1 of list price.
TRUE

Blooms: Apply
Gradable: automatic
20. Net price times single equivalent discount rate equals amount of trade discount.
FALSE
The list price times the single equivalent discount rate equals the amount of trade discount.
Blooms: Understand
Gradable: automatic
21. The net price equivalent rate of 10/20/5 is .684.
TRUE
.9 × .8 × .95 = .684.
Blooms: Apply
7-4
Difficulty: 3 Hard
Gradable: automatic
22. The single equivalent discount rate of 9/5/4 is .17008.
TRUE
Multiply the complement of each rate and subtract the result from 1.
Blooms: Apply
Difficulty: 3 Hard
Gradable: automatic
23. Trade discounts must be paid within the cash discount period.
FALSE
Trade discounts are taken before cash payment discounts.

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
24. A cash discount is a reduction from the gross amount of the invoice if payment is made within the discount
period.
TRUE

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
Learning Objective: 07-02 (1) List and explain typical discount periods and credit periods that a business may offer.
Topic: LU 07-02 Cash Discounts, Credit Terms, and Partial Payments
25. A discount period is always greater than the credit period.
FALSE
The discount period is a portion of the credit period.

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
26. Cash discounts are not taken on freight or returned goods.
TRUE

Blooms: Understand
Gradable: automatic
7-5
27. FOB shipping point means the seller pays cost of freight.
FALSE
FOB shipping point means the buyer pays the freight.

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
Learning Objective: 07-01 (2) Explain the freight terms FOB shipping point and FOB destination.
28. Sometimes the seller will prepay the freight if it is FOB destination.
FALSE
FOB destination means the seller pays the freight.

Blooms: Understand
Gradable: automatic
29. Knuckles on your hand represent months with 30 days.
FALSE
Knuckles on your hand represent months with 31 days.

Blooms: Remember
Difficulty: 1 Easy
Gradable: automatic
30. 50 days from July 9 is August 28.
TRUE
Use an exact days calendar to calculate; 240 - 190.

Blooms: Apply
Gradable: automatic
31. Feb. 15 is 71 days from Nov. 29.
FALSE
Use an exact days calendar to calculate; 365 - 333 + 46 = 78.

Blooms: Apply
Difficulty: 3 Hard
Gradable: automatic
7-6
32. A cash discount sometimes is taken on the amount of trade discount.
FALSE
A cash discount can be taken on the invoice price if paid within the discount period.
Blooms: Understand
Gradable: automatic
33. 2/10, n/30 is an example of the ordinary dating method.
TRUE
2/10, n/30 means a 2% discount if paid in the first 10 days, net in 30 days.
Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
34. 2/10, n/30 means the credit period is 30 days from the end of the discount period.
FALSE
The credit period is 30 days from the date of invoice; n/30 means the entire credit period is 30 days.
Blooms: Understand
Gradable: automatic
35. 3/10, 1/15, n/30 means that a 3% cash discount is available from day 11 to day 15.
FALSE
A 3% discount is available from day 1 to day 10, and a 1% discount is available from day 11 to day 15.
Blooms: Understand
Gradable: automatic
36. 4/10, n/30, ROG means a 4% discount can be taken within 10 days before the receipt of goods.
FALSE
The discount is taken after, not before, the receipt of goods.

Blooms: Understand
Gradable: automatic
37. 2/10, EOM means that the cash discount period ends on the tenth day of the month that follows the sale.
FALSE
7-7
If the invoice is dated 25th or earlier in month, the buyers can take the cash discount if they pay the invoice by
the first 10 days of the month following the sale.
Blooms: Understand
Difficulty: 3 Hard
Gradable: automatic
38. 2/10, EOM means the credit period ends 20 days after the end of the discount period.
TRUE
The credit period ends 20 days after the discount period.

Blooms: Understand
Difficulty: 3 Hard
Gradable: automatic
39. Goods sold after the 25th of the month with terms of 2/10, EOM results in the discount period being extended 10
days longer.
FALSE
Goods sold after the 25th of the month allows the buyer an extra month in which the discount period will end on
the 10th of the second month following the sale.
Blooms: Understand
Difficulty: 3 Hard
Gradable: automatic
40. Those making partial payments are not allowed to take a cash discount.
FALSE
Partial payments can also apply to the discount period and are calculated accordingly.
Blooms: Remember
Gradable: automatic
Learning Objective: 07-02 (2) Calculate outstanding balance for partial payments.
41. The actual credit one receives in making a partial payment is calculated by taking the partial payment and
dividing by (1 + the discount rate).
FALSE
The partial payment is divided by the complement of the discount rate.

Blooms: Apply
Gradable: automatic
7-8
42. Amount of trade discount equals:
A. List price × trade discount rate

B. List price + trade discount rate
C. List price divided by trade discount rate
D. Net price × trade discount rate
E. None of these

Blooms: Apply
Difficulty: 1 Easy
Gradable: automatic
43. Which of the following is usually not true about customer catalogs?
A. Contain list price

B. Completely updated once a year with a new revised catalog
C. Updated by discount sheets
D. Trade discount amounts will differ from product to product
E. None of these
Discount sheets are prepared instead of entire new catalogs.

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
44. Amount of trade discount is represented by the:
A. Base
B. Rate
C. Portion
D. Base divided by rate
E. None of these
The discount amount is a portion of the whole sale cost.

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
45. The complement of 35% is:
A. 53%
B. 65%
C. 56%
D. 165%
E. None of these
1 - 35 = 65.
Blooms: Apply
Difficulty: 1 Easy
Gradable: automatic
7-9
46. If the net price of a stove is $900 and the trade discount rate is 40%, the list price is:
A. $3,600
B. $2,250
C. $1,500
D. $1,260
E. None of these
Divide 900 by the complement of 40%.

Blooms: Apply
Gradable: automatic
47. The net price equivalent rate of 9/15/18 is:
A. .36573
B. .63573
C. .36427
D. .63427
E. None of these
Multiply .91 by .85 by .82.

Blooms: Apply
Gradable: automatic
48. The single equivalent discount rate of the trade discount 5/4/1 is:
A. .09712
B. .90288
C. .00002
D. .99998
E. None of these
Multiply .95 by .96 by .99 and subtract from 1.

Blooms: Apply
Gradable: automatic
49. The credit period is:
A. Always shorter than the discount period

B. Always 30 days from end of discount
C. Always twice the length of discount period
D. Long enough so buyers can always take a cash discount
E. None of these

Blooms: Understand
Difficulty: 1 Easy
7-10
Gradable: automatic
50. Cash discounts are:
A. Always calculated on list price

B. Sometimes calculated with freight
C. Sometimes calculated with returned goods
D. Never calculated on freight and returns
E. None of these

Blooms: Understand
Gradable: automatic
51. FOB shipping point means:
A. Seller pays the cost of freight

B. Buyer pays the cost of freight
C. Title to goods shifts to buyer while being shipped
D. Seller cannot pay cost of freight
E. None of these

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
52. Which month has 30 days?
A. January
B. May
C. June
D. July
E. None of these
June is not a knuckle month.

Blooms: Remember
Difficulty: 1 Easy
Gradable: automatic
53. 200 days from March 3 is:
A. September 18
B. September 17
C. September 19
D. September 20
E. None of these
Blooms: Apply
7-11
Gradable: automatic
54. 60 days from Nov. 19 is:
A. Jan. 16
B. Jan. 17
C. Jan. 18
D. Jan. 19
E. None of these
Blooms: Apply
Gradable: automatic
55. 2/10, n/30 is an example of:
A. Ordinary dating
B. Receipt of goods
C. End of month
D. Extra dating
E. None of these

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
56. With terms of 2/10, n/30:
A. Credit period is 10 days from date of invoice

B. Credit period is 40 days
C. Credit period extends into first 10 days of next month
D. Credit period is 30 days from date of invoice
E. None of these
Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
57. 2/10, n/30, ROG means the cash discount period ends:
A. Within 10 days of beginning date of invoice

B. Within 30 days of beginning date of invoice
C. 20 days after beginning date of invoice
D. 10 days after the goods are received
E. None of these
ROG means receipt after goods received.

Blooms: Understand
Difficulty: 1 Easy
Gradable: automatic
7-12
58. An invoice dated March 6 with terms of 1/10, EOM results in the end of the discount period on:
A. May 10
B. April 10
C. May 30
D. May 31
E. None of these
Blooms: Apply
Difficulty: 3 Hard
Gradable: automatic
59. Roland Corporation buys stoves from a wholesaler. The list price of a stove is $900, with a trade discount of
30%. The net price is:
A. $270
B. $1,170
C. $630
D. $360
E. None of these
Blooms: Apply
Difficulty: 1 Easy
Gradable: automatic
60. A local college bookstore paid a net price of $12,500 for textbooks for the coming semester. The publisher
offered a trade discount of 20%. The publisher's original list price was:
A. $15,000
B. $15,500
C. $15,625
D. $2,500
E. None of these
Blooms: Apply
Gradable: automatic
61. A local RadioShack store wants to buy a new line of plasma TVs. Manufacturer A offers chain discounts of
18/12, and Manufacturer B offers terms of 17/13. Which single equivalent discount rate is the best deal?
A. .7221: Manufacturer A
B. .7216: Manufacturer B
C. .2779: Manufacturer A
D. .2784: Manufacturer A
E. None of these
Blooms: Analyze
Gradable: automatic
7-13
62. Joanne's Dress Shop received an invoice dated July 25 for $1,400, with terms of 2/10, 1/15, n/60. On August 8,
Joanne's Dress Shop sent a partial payment of $750. The actual amount that should be credited is:
A. $765.31
B. $765.30
C. $757.58
D. $757.59
E. None of these
Blooms: Apply
Difficulty: 3 Hard
Gradable: automatic
63. An invoice dated 5/19/xx received by Jones Supply indicated a balance of $17,000. This balance included a
freight charge of $1,000. Terms of the bill were 5/10, 4/30, n/60. Assuming Jones pays off the bill on June 4, he
pays:
A. $16,762.27
B. $16,000.55
C. $15,762.72
D. $16,000.84
E. None of these
Blooms: Apply
Difficulty: 3 Hard
Gradable: automatic
64. Black & Decker Manufacturing sold a set of saws to True Value Hardware. The list price was $3,800. Black &
Decker offered a chain discount of 8/3/1. The net price of the saws is:
A. $3,537.12
B. $3,537.21
C. $3,391.12
D. $3,357.21
E. None of these
Blooms: Apply
Gradable: automatic
65. J.C. Penney of Boston sold office equipment for $12,000 to Lee's of San Diego. Terms of the sale are 3/10, n/30
FOB Boston. J.C. Penney has agreed to prepay freight $300. Assuming Lee's pays within the discount period, how
much will Lee's pay J.C. Penney?
A. $11,640
B. $8,544
C. $8,644
D. $11,940
E. None of these
Blooms: Apply
Difficulty: 3 Hard
Gradable: automatic
7-14
66. A manufacturer of skis offered chain discounts of 10/5/4 to many of its customers. Joe Jones ordered skis that
had a total list price of $149,500. The amount of the trade discount is:
A. $122,709.60
B. $26,970.40
C. $26,790.40
D. $122,907.69
E. None of these
Blooms: Apply
Difficulty: 3 Hard
Gradable: automatic
67. A bedroom set lists for $12,000 and carries a trade discount of 30%. Freight (FOB shipping point) of $150 is not
part of list price. Calculate the delivered price of the bedroom set including the freight. Assume a cash discount of
2%.
A. $8,232
B. $8,382
C. $8,385
D. $8,832
E. None of these
Blooms: Apply
Difficulty: 3 Hard
Gradable: automatic
68. An invoice dated March 12 in the amount of $50,000 is received by Reliance Corporation on March 16. Cash
discount terms on the invoice are 3/10, n/30. On March 16 Reliance mails a check in the amount of $8,000 as
partial payment on the invoice. The outstanding balance owed on the invoice is:
A. $8,247.42
B. $41,752.58
C. $8,240.00
D. $41,760.00
E. None of these
Blooms: Analyze
Difficulty: 3 Hard
Gradable: automatic
69. The complement of 17% is:
A. 71%
B. 60%
C. 83%
D. 38%
E. None of these
To find the complement, subtract the single discount rate from 100%.
7-15
Blooms: Apply
Difficulty: 1 Easy
Gradable: automatic
70. The net price equivalent rate of 3/7/13 is:
A. .0273
B. .784827
C. .488173
D. 215173
E. None of these
Blooms: Apply
Difficulty: 1 Easy
Gradable: automatic
71. Brenda purchased a total of five computers for $3,300. She received a 20% trade discount. What did Brenda
pay for the computers?
A. $2,640
B. $2,460
C. $2,440
D. $3,750
E. None of these
List price = Net price/Complement of trade discount rate

Blooms: Apply
Difficulty: 1 Easy
Gradable: automatic
72. Walgreens is offered a chain discount on cosmetics from Libby Corp. of 8/5/2; Roma Company offers a chain
discount of 7/6/4. What is the highest discount offered?
A. .14348
B. .839232
C. .85652
D. .160768
E. None of these
Calculate the complement of each rate and convert each percent to a decimal.
Blooms: Apply
Difficulty: 1 Easy
Gradable: automatic
73. Brooks Brothers bought a suit that has a list price of $1,219, with a chain discount of 7/4/2. What is the net price
of the suit?
A. $682.64
B. $1,166.65
C. $1,066.56
D. $152.44
7-16
E. None of these
Calculate the complement of each rate and convert each percent to a decimal. Calculate the net price equivalent
rate. Calculate the net price: Net price = List price x net price equivalent rate.
Blooms: Apply
Difficulty: 1 Easy
Gradable: automatic
74. Match the following terms with their definitions.
1. Due dates List price minus net price 16

2. Credit period Two or more trade discounts 17
3. 2/10, EOM (after 25th) Savings from early payment 7
4. List price 100% less stated percent 10
5. Discount period Period of time that follows discount period 2
6. FOB shipping point Amount of time to take advantage of a cash discount 5
7. Cash discount Could be calculated by table look-up 1
8. Net price equivalent rate Cash discount within first 10 days in next month after sale 3
9. Example of ordinary dating Seller pays cost of freight 11
10. Complement Buyer pays cost of freight 6
11. FOB destination Suggested retail price 4
12. ROG List price minus amount of trade discount 15
13. Terms of sale Actual cost to buyer per dollar 8
14. Single equivalent discount rate 2/10, n/30 9
15. Net price Discount period begins when goods are received 12
16. Amount of trade discount 1 - net price equivalent rate 14
17. Chain discount Criteria on invoice 13
Blooms: Remember
Gradable: automatic
75. Complete the following:
T.V. $900 30% trade discount net price = ?
$630
Feedback: Multiply $900 by 70%.

Blooms: Apply
Gradable: manual
76. Complete the following:
$1,000
Feedback: Divide $600 by 60%.
7-17
Blooms: Apply
Gradable: manual
77. Find amount of (A) net price and (B) trade discount
Stove: List
$1,400 Chain
discount 13/10/4
A. ____________
B. ____________
A. $1,052.35; B. $347.65
Feedback: Multiply .87 by .9 by .96 to get a chain discount rate of .75168. Multiply the list price of $1,400 by this
rate to get a net price of $1052.35, which shows a trade discount of $347.65.
Blooms: Apply
Gradable: manual
78. Which option yields the highest single equivalent discount?
Option A
Feedback: Multiply the complements of each rate times each other to see which option is greater. Option A is the
better choice as you pay $76.10 per $100 (.761024); Option B you are paying $76.17 per $100 (.76167). Option A
saves you .07 cents per $100.
Blooms: Understand
Gradable: manual
79. Complete:
A. _____________
B. _____________
C. _____________
D. _____________
A. .7216
B. .2784
C. $389.76
D. $1,010.24
7-18
Feedback: Multiply .82 by .88 to get the chain discount rate of .7216. Subtract this rate from 1 to get the single
EQ rate of .2784. Use these rates to calculate the trade discount and net price amounts.
Blooms: Apply
Gradable: manual
80. Calculate (A) amount to be credited and (B) balance outstanding:
Invoice: $3,000; Terms

2/10, n/30 Invoice date:
July 5
Payment amount
$600 Date paid:
July 14
A. ____________
B. ____________
A. $612.24; B. $2,387.76
Feedback: Divide 600 by .98.
Blooms: Apply
Difficulty: 3 Hard
Gradable: manual
81. Calculate (A) cash discount and (B) net amount paid:
Gross invoice (includes

freight) $1,800 Freight $50;
Date of invoice: 8/11 Terms:
2/10, 1/15, n/30,
Date of payment: 8/22
A. ________________
B. ________________
A. $17.50; B. $1,782.50
Feedback: Use the 1/15 discount rate because the payment date is beyond the first 10 days from the invoice.
$1,800 - $50 = $1,750 × .01 =

$17.50 $1,800 - $17.50 =
$1,782.50
Blooms: Apply
Gradable: manual
82. An invoice for office furniture for $1,210.88 with terms of 2/10, n/60 is dated October 3.
(A) What is the last date on which the cash discount may be taken?
(B) If paid within discount period, how much is the cash discount?
(C) If the discount is missed, on what day does the credit period end?
A. Oct.13; B. $24.22; C. Dec. 2
7-19
Feedback: Add 10 days to the invoice date to get October 13 as the last date of the cash discount rate. Multiply
the invoice amount by 2% to determine what cash discount could be allowed. 60 days past October 3 means the
credit period ends on December 2.
Blooms: Apply
Gradable: manual
83. Jones Company received an invoice for $1,450 dated August 28, terms 2/10 EOM.
(A) What is the last date of the discount and credit periods?
(B) If paid on October 3, how much would Jones pay?
(A) Oct. 10, Oct. 30; (B) $1,421.00
Feedback: 2/10 EOM means the discount ends on the tenth day of the second month following the invoice
because the invoice date is after the 25th of the month.
Blooms: Apply
Gradable: manual
84. Mel's furniture received an invoice dated September 27 for five bedroom sets at $3,000 each. The invoice
indicated a trade discount of 5/8/3. The seller of the furniture prepaid the freight of $200. Terms were 2/10 EOM.
Assuming Mel pays on November 2, what amount would be paid? (Be sure to include the freight cost.)
$12,662.37
Feedback: The trade discount rate is equal to .95 times .92 times .97, or .84778. Multiply this by $3,000 times 5
bedroom sets to get $12,716.70. Payment was made on November 2nd which qualifies for the 2% cash discount
($12,716.70 × .98 = $12,462.37; $12,462.37 + $200 = $12,662.37)
Blooms: Apply
Difficulty: 3 Hard
Gradable: manual
85. Pete's Appliance received a bill dated July 15 for $26,000 with terms of 2/10, 1/15, n/60. On July 27 Pete's sent
in a partial payment of $6,000. What is the amount credited as well as the balance due?
$6,060.61 amount credited; $19,939.39 balance due
Feedback: Divide $6,000 by .99 because the payment was not made in
the first 10 days. $6,000/(1 - .01) = $6,000/.99 = $6,060.61
Blooms: Analyze
Difficulty: 3 Hard
Gradable: manual
86. Calculate the net price based on the information given below.
$840
P=B×R
7-20
$840 = $1,200 × .70
Feedback: Multiply $1,200 by 70%.
Blooms: Apply
Gradable: manual
87. Calculate the list price based on the information given below.

Blooms: Apply
Gradable: manual
88. Calculate the net price and amount of trade discount (use net price equivalent rate as well as single equivalent
discount rate):
Feedback: Multiply the chain rates to get .8463 and multiply the list price by the complement of this rate to get a
discount of $76.70.
Blooms: Apply
Gradable: manual
89. Calculate the End of Discount Period and End of Credit Period.
Aug. 19 (Aug. 9 + 10 days)
7-21
Feedback: Add 10 days to get the end of discount period on August 19; add 30 days to get the end of credit period
date to be September 8.
Blooms: Apply
Gradable: manual
July 18, 2001
Feedback: Add 10 days to the receipt of goods date of July 8 to get an end of discount period date of July 18; add
30 days to get the end of credit period date of August 7.
Blooms: Apply
Gradable: manual
Dec. 10
Dec. 30
First 10 days of next month that follows the sale
Feedback: Since the date of the invoice is before the 25th, the end of discount period will be the 10th of the next
month and the end of credit period will be the 30th day of the next month.
Blooms: Apply
Gradable: manual
Jan. 10
7-22
Jan. 30
First 10 days of second month that follows the sale
Feedback: Since the date of the invoice is after the 25th, the end of discount period will be the 10th of the second
month and the end of credit period will be the 30th day of the second month.
Blooms: Apply
Gradable: manual
93. Brooks Dept. Store bought a stereo from a wholesaler with a $1,200 list price and a 28% trade discount. What is
the trade discount amount? What is the net price of the television?
Trade discount $336; $1,200 × .28 = $336

Net price $864; $1,200 × .72 = $864
Feedback: Multiply the 28% to get the trade discount; then multiply by the complement, 72%, to get the net price.
Blooms: Apply
Gradable: manual
94. Jones of San Diego sold Long of Baton Rouge a video system with a $6,000 list price. Sale terms were 2/10,
n/30 FOB San Diego. Jones agreed to prepay the $35 freight. Assuming Long pays the invoice within the discount
period, what does Long pay Jones?
$5,915
.98 × $6,000 = $5,880 + $35 = $5,915
Feedback: Multiply the list price by 98% and add the $35 for freight.
Blooms: Apply
Gradable: manual
95. Jones Advertising Agency received a $3,000 invoice dated June 8. Terms were 2/10, 1/15, n/60. On June 22
Jones Advertising sent a $1,600 partial payment. What credit should Jones Advertising receive? What is Jones's
outstanding balance? Round to the nearest cent.
$1,616.16; $1,383.84
Feedback: Divide the partial payment by the complement of the discount rate, $1,600, divided by .99 =
$1,616.16. Calculate the outstanding balance by subtracting the discount from the invoice amount; $3,000 -
$1,616.16 = $1,383.84.
Blooms: Apply
Gradable: manual
96. Morgan Company received from Lee Company an invoice dated September 27. Terms were 2/10 EOM. List
price on the invoice was $5,000 (freight not included). Morgan receives a 9/7 chain discount. Freight charges are
Morgan's responsibility, but Lee agreed to prepay the $150 freight charge. Morgan pays the invoice on November
9. What does Morgan pay Lee?
7-23
$4,296.87
.93 × .91 = .8463
Feedback: Multiply the complements of the chain discount rates, .93 times .91, to get .8463. Take this rate times
the invoice amount of $5,000 to get $4,231.50. Multiply this by the discount rate of 2% to get an adjusted amount
due of $4,146.87 and add the $150 freight.
Blooms: Apply
Gradable: manual
$450
$600 × .75 = $450

Blooms: Apply
Gradable: manual

Blooms: Apply
Gradable: manual
7-24
$585
$900 × .65 = $585
Blooms: Apply
Gradable: manual
Blooms: Apply
Gradable: manual
Feedback: Multiply the complements of each rate times each other to see which option is greater.
Blooms: Analyze
Gradable: manual
7-25
Feedback: Multiply the complements of each rate times each other to see which option is greater.
Blooms: Analyze
Gradable: manual
103. Calculate the Net Price EQ Rate in Decimals, Single EQ Rate in decimals, Amount of Trade Discount and Net
Price based on the information given below.
A. .68
B. .32
C. $160
D. $340
A. .85 × .80 = .68

B. 1.00 - .68 = .32
C. $500 × .32 = $160
D. $500 × .68 = $340
Feedback: Multiply .85 and .80 to get .68 as a net EQ rate—the complement of the net EQ, .32, is the single EQ
rate—and multiply the list price by both of these rates to find the trade discount and net price, respectively.
Blooms: Apply
Gradable: manual
104. Calculate the EQ Rate in Decimals, Single EQ Rate in decimals, Amount of Trade Discount and Net Price
based on the information given below.
A. .72
B. .28
C. $560
D. $1,440
A. .9 × .8 = .72
B. 1.00 - .72 = .28
C. .28 × $2,000 = $560
D. .72 × $2,000 = $1,440
Feedback: Multiply .90 and .80 to get .72 as a net EQ rate—the complement of the net EQ, .28, is the single EQ
rate—and multiply the list price by both of these rates to find the trade discount and net price, respectively.
7-26
Blooms: Apply
Gradable: manual
105. Invoice: $1,000

Terms: 3/10, n/30
Invoice date: May 5
Payment amount: $800
Date paid: May 9
A) Amount credited: _______
B) Balance outstanding: _____
A. $824.74; B. $175.26
Feedback: Since the payment was made within the first 10 days, you will use the first discount rate of 3%. Divide
800 by .97 to get the amount credited equal to $824.74, then subtract the amount credited from the invoice
amount to get $175.26 as the balance.
Blooms: Apply
Difficulty: 3 Hard
Gradable: manual
106. Invoice:
$600 Terms:
2/10, n/30
Invoice date:
April 4
Payment
amount: $400
Date paid: April
10
A) Amount credited: _______

B) Balance outstanding: _____
A. $408.16; B. $191.84
Feedback: Since the payment was made within the first 10 days, you will use the first discount rate of 2%. Divide
the payment of $400 by .98 to get the amount credited equal to $408.16, and then subtract the amount credited
from the invoice amount to get $191.84 as the balance.
Blooms: Apply
Difficulty: 3 Hard
Gradable: manual
107. Gross invoice (includes freight): $500

Freight: $100
Date of invoice:
9/10 Terms:
3/10, 1/15, n/30
Date of payment:
9/22
A) Discount: _______
B) Net price: _______
7-27
A. $4.00
B. $496
Feedback: Start by removing the cost of the freight to get an invoice amount of $400. Since the payment was
made within the first 15 days, you will use the second discount rate of 1% to get a discount of $4 and a net
payment due of $396; then add the freight of $100 back in to get a total due of $496.
Blooms: Apply
Difficulty: 3 Hard
Gradable: manual
108. Gross invoice (includes freight): $1,000

Freight: $100
Date of invoice:
8/11 Terms:
2/10, 1/15, n/30
Date of payment:
8/23
A) Discount: _______
B) Net price: _______
A. $9.00
B. $991.00
Feedback: Start by removing the cost of the freight to get an invoice amount of $900. Since the payment was
made within the first 15 days, you will use the second discount rate of 1% to get a discount of $9 and a net
payment due of $891; then add the freight of $100 back in to get a total due of $991.
Blooms: Apply
Difficulty: 3 Hard
Gradable: manual
109.
Calculate the Last Day of Discount Period and End of Credit Period based on the information given below.
7-28
A. Oct. 17
B. Nov. 6
C. July 10
D. July 30
E. Sept. 10
F. Sept. 30
G. July 12
H. Aug. 1
Feedback: October 7 plus 10 days is October 17, plus 30 days is November 6. Since the date of the invoice is
before the 25th, the discount period ends on the 10th of the next month and the credit period ends on the 30th of the
next month. Since the date of the invoice is after the 25th, the discount period ends on the 10th of the second month
and the credit period ends on the 30th of the second month. Ten days after the receipt of goods date is July 12, and
using the exact date chart, 30 days after the receipt of goods date is August 1.
Blooms: Analyze
Difficulty: 3 Hard
Gradable: manual
110. Calculate the Last Day of Discount Period and End of Credit Period based on the information given below.
A. Sept. 15
B. Oct. 5
C. Sept. 10
D. Sept. 30
E. Sept. 10
F. Sept. 30
G. Aug. 12
H. Sept. 1
Feedback: September 5 plus 10 days is September 15, plus 30 days is October 5. Since the date of the invoice is
before the 25th, the discount period ends on the 10th of the next month and the credit period ends on the 30th of the
next month. Since the date of the invoice is after the 25th, the discount period ends on the 10th of the second month
and the credit period ends on the 30th of the second month. Ten days after the receipt of goods date is August 12,
and using the exact date chart, 30 days after the receipt of goods date is September 1.
Blooms: Analyze
Difficulty: 3 Hard
Gradable: manual
111. Bill's TV buys a television from a wholesaler with a list price of $600 and a trade discount of 32%. What are the
amount of the trade discount and the net price of the television?
$600 × .32 = $192 trade discount; $600 × .68 = $408 net price
Feedback: Multiply the list price by 32% to get a trade discount of $192; multiply the list price by the complement of
the discount rate to get the net price of $408.
7-29
Blooms: Apply
Gradable: manual
112. A dining room set lists for $1,500 and carries a trade discount of 40%. Freight charges are $150. Calculate the
final price of the dining room set.
$1,050 $1,500 ×
.40 = $600
$1,500 - $600 + $150 = $1,050
Feedback: Multiply the list price of $1,500 by 40% to get the trade discount. Subtract this amount of $600 from the
list price and add in the freight of $150 to get a total final price of $1,050 [$1,500 × .4 = $600; $1,500 - $600 +
$150 = $1,050].
Blooms: Apply
Difficulty: 3 Hard
Gradable: manual
113. The Blue Manufacturer sells radios to Bob's Discount Outlet. Radios carry a trade discount of 45%. If the price
of a radio is $90, what does Bob pay?
$90 × .55 = $49.50
Feedback: Multiply the list price of $90 by the complement of the trade discount rate to get the sales price [90 × .55
= $49.50].
Blooms: Apply
Gradable: manual
114. If a manufacturer's list price is $800 and Bill's Outlet buys the goods for $650, what is the trade discount
percent? (Round answer to the nearest hundredth percent.)
Feedback: Find the difference between the list price and the purchase price to find the discount amount of $150.
Divide this by the list price, $800, to get the discount rate of 18.75%.
Blooms: Apply
Gradable: manual
115. Marvin Gate bought some fencing from a wholesaler for $6,000. The wholesaler offered a trade discount
of 35%. What was the original price? (Round to the nearest cent.)
Feedback: Divide the wholesale price of $6,000 by the complement of the discount rate to get the original price
[$6,000 divided by .65 = $9,230.77].
Blooms: Apply
Gradable: manual
7-30
116. Al's Supply sold a chain saw to Mark's Lumber. The list price was $1,250. Al's Supply offered a chain
discount of 6/3/1. What was the net price of the chain saw?
$1,128.35
Feedback: Multiply the complements of the chain discount rates [.94 times .97 times .99] to get the chain
discount rate of .902682; multiply the list price by this chain discount rate to get the net price [$1,250 times
.902682 = $1,128.35].
Blooms: Apply
Gradable: manual
117. A manufacturer of ice skates offered a chain discount of 7/5/1. Bobby's Sport Shop ordered 30 pairs of
skates that had a list price of $925. What was the amount of the trade discount?
$115.93
Feedback: Multiply the complements of the chain discount rates [.93 times .95 times .99] to get the chain discount
rate of .874665 and subtract this rate from 1 to get a trade discount rate of .125335. Multiply the list price of $925
by this rate to get the trade discount amount of $115.93.
Blooms: Apply
Gradable: manual
118. Buffy Rich wants to buy a new line of stereos for her shop. Manufacturer A offers trade discounts of
20/14, and Manufacturer B offers trade discounts of 25/7. Assuming both manufacturers have the same list
price, which manufacturer should Buffy buy from?
Buffy should buy from Manufacturer A.
7-31
Feedback: Manufacturer A has the larger trade discount as its chain discount rate is .80 times .86, or .688, which
when subtracted from 1 equals .312, whereas Manufacturer B's chain discount rate is .75 times .93, or .6975, which
when subtracted from 1 equals only .3025.
Blooms: Apply
Gradable: manual
119. Ed's Print Shop received an invoice dated May 10 for $2,500 with terms 3/10, 1/15, n/60. On May 22,
Ed's Print Shop sent a partial payment of $2,000. What is the actual amount that should be credited, and
what is Ed's Print Shop's outstanding balance?
Amount credited: $2,020.20; Outstanding balance: $479.80
Feedback: Divide the partial payment of $2,000 by .99 since the payment was made within 15 days of the
invoice. This makes the payment credited amount equal to $2020.20. When this is subtracted from the invoice
amount of $2,500, the balance left is $479.80.
Blooms: Apply
Difficulty: 3 Hard
Gradable: manual
120. Jones Manufacturing sent Blue Company an invoice for equipment with a list price of $10,000. The invoice
is dated July 27 with terms of 2/10, EOM. Blue Company is entitled to a 40% trade discount. If the invoice is
paid on September 8, how much does Blue pay?
$5,880
$10,000 × .40 = $4,000 trade
discount $6,000 × .98 = $5,880
Feedback: Since the invoice is dated after the 25th of the month, the company has until the 10th of the second
month after the invoice date to receive the discount of 2%. First take the trade discount of 40% off of the invoice,
$10,000 × .40 = $4,000, as the trade discount. Subtract this from the invoice to leave $6,000 due on the invoice.
Since the invoice was paid before the 10th, multiply the $6,000 by the complement of the discount rate to get a
balance to pay of $5,880 [6,000 × .98 = $5,880].
Blooms: Apply
Gradable: manual
121. Bloomberg's is offered the following chain discount(s); what is the lowest net price equivalent rate it will pay?
7-32
Feedback: Subtract each chain discount rate from 100% and convert each percent to a decimal. Multiply the
decimals. This means you are paying $73.63 per $100 vs. $77.83 per $100, a savings on every $100 of $4.20. If
you have cost purchases of $1 million per year, you would be saving $42,000 choosing Company A.
Blooms: Apply
Difficulty: 1 Easy
Gradable: manual
122. A Timex watch with a 30% trade discount costs $39.99. What is the list price?
$57.13
Feedback: List Price = $39.99/.70 = $57.13

Blooms: Apply
Difficulty: 1 Easy
Gradable: manual
123. Ashley Furniture received an invoice for $4,850, dated May 19. Terms were 2/15, net 30 days. How much will
Ashley pay if the invoice was electronically paid on June 2?
$4,753
Feedback: $4,850 × .98 = $4,753

Blooms: Apply
Difficulty: 1 Easy
Gradable: manual
124. Given a list price of $4,400 and a chain discount of 2/3,

complete the following: Trade discount: _____ Net price:
______
Net price rate = .9506; $4,400 × .9506 = $4182.64; Discount = $217.36
Feedback: To find the net price, subtract each chain discount rate from 100% and convert each percent to a
decimal. Multiply the decimals.
Blooms: Apply
Difficulty: 1 Easy
Gradable: manual
125. A local Ford dealership purchased a new Ford Focus from the manufacturer that lists for $22,178. Ford
Motor Company offers the dealership an 18% trade discount. Shipping costs totaled $795.00. What did the local
dealership pay for the Focus?
$18,980.96
Feedback: $22,178 × .82 = $18,185.96; $18,185.96 + $795 = $18,980.96
Blooms: Apply
Difficulty: 3 Hard
Gradable: manual
7-33
# of
Question
Category s
Accessibility: Keyboard Navigation 73
Blooms: Analyze 7
Blooms: Apply 76
Blooms: Remember 4
Blooms: Understand 38
Difficulty: 1 Easy 34
Difficulty: 2 Medium 65
Difficulty: 3 Hard 26
Gradable: automatic 74
Gradable: manual 51
Learning Objective: 07-01 (1) Calculate single trade discounts with formulas and complements. 26
Learning Objective: 07-01 (2) Explain the freight terms FOB shipping point and FOB destination. 8
Learning Objective: 07-01 (3) Find list price when net price and trade discount rate are known. 19
Learning Objective: 07-01 (4) Calculate chain discounts with the net price equivalent rate and single
equivalent discount rate. 29
Learning Objective: 07-02 (1) List and explain typical discount periods and credit periods that a business
may offer. 49
Learning Objective: 07-02 (2) Calculate outstanding balance for partial payments. 6
Topic: LU 07-01 Trade Discounts-Single and Chain (Includes Discussion of Freight) 77
Topic: LU 07-02 Cash Discounts, Credit Terms, and Partial Payments 52
7-34
Another random document with
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speak disrespectfully of Sophocles, for whom, as in duty bound, we
entertain a most sincere veneration; but he certainly must rank beneath Mr.
Farley as a manager of the ἀπροσδόκητον. One of the most striking
examples in the present day, which we can recommend to those who wish
to apply this figure to the purposes of actual life, is (may we say it without
being accused of a political allusion?) her Majesty Queen Caroline. That
illustrious personage in one beautiful passage (we mean her passage from
Calais to Dover) has certainly proved herself a perfect mistress of the
ἀπροσδόκητον.
Of this figure the Bathos must be considered a most elegant species.
Again, for the benefit of our fair readers, we will observe, that the usual
signification of the Bathos is—the Art of Sinking in Poetry; but what we
here propose to discuss is “the Art of Sinking in Life”—an art of which it
may be truly said that those who practise it skilfully only stoop to conquer.
It must be evident to every person who is at all conversant with the
motives and origin of human opinions, that man is accustomed to regard
with a feeling of animosity those who are pre-eminent in any science or
virtue—
Urit enim fulgore suo qui prægravat artes

Infra se positas.
But this invidious and hostile feeling vanishes at once, when we behold the
object of it sinking suddenly from the dazzling sphere he originally
occupied, and reducing himself to a level with ordinary mortals. The divine
and incomparable Clarissa would never have been considered divine and
incomparable, had she never been betrayed into a faux pas; and I question
whether Bonaparte was ever looked upon with so favourable an eye as
when he afforded a specimen of the Bathos, in his descent from “the
Emperor of France” to “the Captive of St. Helena.”
But the strongest argument that can be used in recommendation of this
science is, that we are by Nature herself compelled to make use of it.
Whatever riches we may amass, whatever age we may attain, whatever
honours we may enjoy, we are continually looking forward to one certain
and universal Bathos, “Death.” From learning, from wealth, from power,
our descent is swift and inevitable. We look upon the graves of our kindred,
and say with Hamlet, “To this must we come at last.”
This doctrine is so beautifully illustrated by a passage in Holy Writ, that
we cannot refrain from laying it before our readers:—
“Alexander, son of Philip the Macedonian, made many wars, and won
many strongholds, and slew the kings of the earth. And he gathered a
mighty strong host, and ruled over countries and nations and kings, who
became tributaries to him. And after these things he fell sick, and perceived
that he should—die.”[1]
A more beautiful instance of this figure cannot be imagined. It needs no
comment. But we fear we are growing too serious, and shall therefore
pursue this branch of our dissertation no further.
We hope our readers are by this time thoroughly convinced of the beauty
and utility of this figure; we will proceed to exhort them most earnestly to
apply themselves immediately to the study of “the Art of Sinking in Life.”
The art may be divided into a great number of species; but all, we
believe, may be comprehended under two heads—the Bathos Gradual and
the Bathos Precipitate. We will offer a few concise remarks upon both,
without pretending to decide between the various merits of each. Indeed,
the opinion of the world appears pretty much divided between them; as
there are some bathers, who stand for a time shivering on the brink, and at
last totter into the stream with a tardy and reluctant step, while there are
others who boldly plunge into the tide with a hasty and impetuous leap.
The Bathos Gradual is principally practised by poets and by coquettes.
Of its use by the former we have frequent examples in our own day. A
gentleman publishes a book: it is bought, read, and admired. He publishes
another, and his career of sinking immediately commences. First he sinks
into a book-maker; next he sinks into absurdity; next he sinks into
mediocrity; next he sinks into oblivion; and, as it is impossible for him to
sink much lower, he may then begin to think of rising to a garret.
The life of Chloe affords an admirable instance of the effect with which
this species of the art may be exercised by coquettes. At twenty-four, Chloe
was a fashionable beauty; at twenty-six she began to paint; at twenty-eight
she was—not what she had been; and at thirty she was voted a maiden lady!
Or, to use the slang of the loungers of the day: at twenty-four she was bang-
up; at twenty-six she was a made-up thing; at twenty-eight was done up;
and at thirty it was—all up with her.
The Bathos Precipitate is adapted to the capacities of great generals,
substantial merchants, dashing bloods, and young ladies who are in haste to
be married.[2] For examples of it in the first we must refer you to Juvenal’s
Tenth Satire, as this part of our subject is hackneyed, and we despair of
saying anything new upon it.
For examples of the Bathos Precipitate in trade, you must make inquiries
among the Dulls and Bears on the Stock Exchange; they can instruct you
much better than ourselves by what method you may be a good man at
twelve o’clock, and a bankrupt at one.
Upon referring to our memoranda, we find some inimitable examples of
this species of the Bathos among the two latter classes of its practitioners.
Some of these we will extract for the amusement of our readers:—
Sir Edmund Gulley.—Became possessed of a handsome property by the death of his uncle,
February 7, 1818. Sat down 10 Rouge et Noir, February 14, 1818, 12 o’clock P.Μ. Shot
himself through the head, February 15, 1818, 2 o’clock A.M.
Lord F. Maple.—Acquired great éclat in an affair of honour, March 2, 1818. Horsewhipped
for a scoundrel at the Second Newmarket Meeting, 1818.
Mr. G. Bungay.—September 1819—Four-in-hand, blood horses, shag coat, pearl buttons.
October 1819—Plain chaise and pair.
Miss Lydia Dormer.—May 1820—Great beauty, manifold accomplishments, £4000 a-year.
June 1820—Chère amie of Sir J. Falkland.
The Hon. Miss Amelia Tempest.—(From a daily paper of July 1820.)—“Marriage in High
Life.—The beautiful Miss Amelia Tempest will shortly be led to the hymeneal altar by
the Marquis of Looney.”
(From the same paper of August 1820.)—“Elopement in High Life.—Last week the Hon.
Miss Am-l-a T-mp-st eloped with her father’s footman.”
Reader,—When we inform you that we ourselves had long entertained a

sneaking kindness for the amiable Amelia, you will image to yourself the
emotion with which we read the above paragraph. We jumped from the
table in a paroxysm of indignation, and committed to the flames the
obnoxious chronicler of our disappointment; but the next moment
composed our feelings with a truly stoic firmness, and, with a steady hand,
we wrote down the name of the Hon. Miss Amelia Tempest as an admirable
proficient in the Bathos Precipitate.
NICKNAMES.
“Lusco qui possit dicere ‘lusce.’”
The invention and appropriation of Nicknames are studies which, from

want of proper cultivation, have of late years very much decayed. Since
these arts contribute so much to the well-being and satisfaction of our
Etonian witlings—since the younger part of our community could hardly
exist if they were denied the pleasure of affixing a ludicrous addition to the
names of their seniors—we hope that the consideration of this art in all its
branches and bearings will be to many an amusing, and to some an
improving, disquisition.
The different species of nicknames may be divided and subdivided into
an endless variety. There is the nickname direct, the nickname oblique, the
nickname κατ’ ἐξόχὴν, the nickname κατ’ ἀντιφράσιν, and a multitude of
others, which it is unnecessary here to particularize. We shall attempt a few
remarks upon these four principal classes.
The nickname direct, as might be expected, is by far more ancient than
any other we have enumerated. Much has been argued upon the elegance or
inelegance of Homer’s perpetually repeated epithets; for our part we
imagine Homer thought very little upon the elegance or inelegance of the
expressions to which we allude, since we cannot but regard his Ξανθὸς
Μενέλαος—πόδας ὠκὺς Αχιλλεὺς—ἄναξ ανδρών Αγαμέμνων, and other
passages of the same kind, not even excepting the thundering cognomen
which is tacked on to his Jupiter, Ζεὺς ὑψιβρεμέτης, as so many ancient and
therefore inimitable specimens of the nickname direct. This class is with
propriety divided into two smaller descriptions; the nickname personal and
the nickname descriptive. The first of these is derived from some bodily
defect in its object; the latter from some excellence or infirmity of the mind.
The nicknames which were applied to our early British kings generally
fell under one of these denominations. William Rufus and Edward
Longshanks are examples of the first, while Henry Beauclerc and Richard
Cœur de Lion afford us instances of the second. We cannot depart from this
part of our subject without adverting to the extreme liberty which the
French have been accustomed to take with the names of their kings. With
that volatile nation, “the Cruel,” “the Bald,” and “the Fat” seem as
constantly the insignia of royalty as the sceptre and the crown. We must
confess that, were it not for the venerable antiquity of the species, we
should be glad to see the nickname personal totally discontinued, as in our
opinion the most able proficient in this branch of the science evinces a great
portion of ill-nature, and very little ingenuity.
The merit of the nickname oblique consists principally in its
incomprehensibility. It is frequently derived, like the former, from some real
or imaginary personal defect; but the illusion is generally so twisted and
distorted in its formation, that even the object to whom it is applied is
unable to trace its origin or to be offended by its use. The discovery of the
actual fountain from whence so many ingenious windings and intricacies
proceed is really a puzzling study for one who wishes to make himself
acquainted with the elementary principles of things. In short, the nickname
oblique resembles the great river, the Nile: its meanders are equally
extensive, its source is equally concealed. We have a specimen of this
species in the appellation of our worthy secretary. Mr. Golightly made a
pleasant, though a sufficiently obvious hit, when he addressed Mr. Richard
Hodgson by the familiar abbreviation of Pam. We should recommend to the
professors of the nickname oblique, two material, though much neglected,
requisites—simplicity and perspicuity; for, in spite of the long and attentive
study which we have devoted to this branch of the art, we ourselves have
been frequently puzzled by unauthorized corruptions both of sound and
sense, and lost amidst the circuitous labyrinth of a far-fetched prænomen.
We were much embarrassed by hearing our good friend, Mr. Peter Snaggs,
addressed by the style of “Fried Soles,” until we remembered that his
grandfather had figured as a violent Methodist declaimer in the metropolis:
nor could we conceive by what means our old associate, Mr. Matthew
Dunstan, had obtained his classical title of “Forceps,” until we recollected
the miraculous attack made by the tongs of his prototype upon the nasal
orifices of his Satanic antagonist.
The third species is derived from an implied excellence in any one
specified study. It is known by the sign “The.” Thus, “The Whistler,” in
“Tales of My Landlord,” is so called from his having excelled all others in
the polished and fashionable art of whistling. When we call Mr. Ouzel “the
blockhead,” we are far from asserting that he is the only blockhead among
our well-beloved companions, but merely that he holds that title from
undisputed superlative merit; and, when we distinguish Sampson Noll by
the honourable designation of “The Nose,” we mean not to allege that Mr.
Noll is the only person who challenges admiration, from the extraordinary
dimensions of that feature, but simply, that Sampson’s nose exceeds, by
several degrees of longitude, the noses of his less distinguished competitors.
We know not, however, whether the species which we are discussing is
not rather to be considered a ramification of the first, than a separate class
in itself; for it unavoidably happens that the two kinds are frequently
confused, and that we know not under which head to arrange a name which
is of an ambiguous nature, and may be referred with equal propriety to
either definition.
The fourth and last kind is promiscuously derived from sources similar
to those of the three preceding; but in its formation it entirely reverses their
provisions. We all know that a grove was called by the Latins “lucus;” a
non lucendo, that the Præses of the Lower House of Parliament is called by
us, “Speaker,” because he is not allowed to speak. Such is the system of the
nickname which is at present under consideration; it is applied to its object,
not from the qualities which he possesses, but from those which he does
not; not from the actions which he has performed, but from those which he
has not: in short, contrariety is its distinguishing character, and absurdity its
principal merit. Antiquity will supply us with several admirable specimens.
Ptolemy murdered his brother, and was called “Philadelphus.” The Furies,
to say the best of them, were spiteful old maids, and they were nicknamed
“The Benevolent.” In our times it is certainly in more general use than any
other class; nor is this to be wondered at, when we consider the
extraordinary neatness of irony which is with great facility couched under
it. It has been well observed by some French author, whose name has
escaped our memory, that if you call Vice by her own name, she laughs at
you; but if you address her by the name of Virtue, she blushes. To give a
plainer illustration: if you say to Ouzel “Blockhead,” it is an unregarded
truth; if you cry out to him, “Genius,” it is a biting sarcasm. Nothing,
indeed, can be imagined more malignantly severe than this weapon of irony,
exercised with skill, and pointed with malevolence; no satire is more easy to
the assailant, and more painful to the assailed, than that which gives to
deformity the praise of beauty, and designates absurdity by the title of
absolute wisdom.
We lately had the honour of reckoning among our nearest and dearest
friends Dr. Simon Colley, a gentleman who was as estimable for the
excellent qualities of his mind as he was ridiculous from the whimsical
proportions of his body. Must we give a description of our much lamented
friend? If the reader will collect together the various personal defects of all
his acquaintance—if he will add the lameness of one to the diminutive
stature of another—if he will unite the cast of the eye which designates a
third to the departure from the rectilineal line which beautifies the back of a
fourth, he will then have some faint idea of the bodily perfections of Dr.
Simon Colley. The Doctor was perfectly conscious of his peculiarities, and
was frequently in the habit of choosing his corporal appearance as the
theme of a hearty laugh or the subject of jocular lamentation; yet the sound
sense and cultivated philosophy of our respected friend was not proof
against the unexpected vociferation of a well-applied nickname; and,
although his favourite topic of conversation was the personal resemblance
he bore to the renowned Æsop, he flew into the most violent paroxysms of
rage when he was pointed at by some little impertinents as the Apollo
Belvidere.
But this sort of nickname is not used merely as the instrument of wit or
the weapon of ill-nature: it assumes occasionally a more serious garb, and
becomes the language of flattery or the adulation of hypocrisy. In this form
it is of great service in dedicatory epistles and professions of love. When
Vapid entreats Lord—— to prefix his name to a list of subscribers, he
whines out the praises of his “Mæcenas” with all the mournful earnestness
with which a criminal exalts the clemency of his judge; but the manner in
which he chuckles at the munificence of his patron over a beefsteak at the
Crown and Cushion proves very evidently that Vapid is a hypocrite, and
that “Mæcenas” is a nickname. And when Miss Pimpkinson, a maiden lady
with £40,000, smiles upon the adoration of Sir Horace Conway, a
fashionable without a farthing, she little dreams that “Venus,” which is her
title in the boudoir, is only her nickname at the club.
Having now presented our friends with a cursory sketch of these four
principal classes, we shall sum up the whole by offering to the reader a
specimen in which we lately heard the four kinds admirably blended
together. “Toup,” cried “All the Talents,” “tell ‘Swab’ that I have a
thrashing in store for ‘The Poet.’” “Toup” is the nickname oblique, borne by
its possessor in consequence of some supposed relation between the
longitude of his physiognomy and the Longinus of the erudite Toupius;
“Swab” is the nickname direct, applied to a rotund gentleman; “The Poet” is
κατ’ ἐξοχὴν—“the poet,” because he is super-eminently poetical; and “All
the Talents” is κατ’ ἀντιφράσιν—“All the Talents,” because he is the veriest
blockhead upon the face of our Etonian hemisphere.
It will be needless to enumerate the many minor classes of this important
subject; it will be needless to dwell upon the nickname classical, the
nickname clerical, the nickname military, and the nickname bargee; as we
believe that no specimen of these is to be found which may not be ranked
under one of the preceding descriptions. There is, however, one great and
extensive species remaining, to which we shall here give only a brief notice,
as we may possibly, at some future period, devote a leading article to its
consideration—we mean the nickname general. This last-mentioned class
claims our attention, from the comprehensive range of its operation. It is not
applied to the mental foibles or personal defects of a single object, it does
not attack the failings of a solitary individual, it wastes not the lash of
censure on an isolated instance of absurdity; but it inflicts a wound upon
thousands in a moment, and stamps the mark of ridicule upon numberless
victims. The Quizzes, the Prigs, the Marines, the Chaises are, amongst our
alumni, well-known examples of the nickname general.
But we have too long lost sight of the main object of our present
lucubration, which was the recommendation of this art to our fellow-
citizens, as a commendable, though much neglected, study. When we say
much neglected, we mean not that nicknames have ceased to be the rage,
and are falling into disuse (for certainly there never was an age in which
they spread more luxuriantly); but we allude to the lamentable decay of
imagination and ingenuity in their formation. If we look back to ancient
times, we shall find that, in those days, nicknames were derived from the
same sources as in the present age; they had their origin from natural
defects, from personal deformities; yet how amazingly do the cognomina of
antiquity exceed in elegance and taste the nicknames of more modern date.
How wonderfully are the “Chicken,” the “Shanks,” the “Nosey,” of Etonian
celebrity surpassed by the “Pullus,” the “Scaurus,” the “Cicero,” of Roman
literature. It is a disgrace upon the genius of our generation, that, at a time
when other arts have arrived at such a high perfection that our age may
almost be considered the Augustan age of the world, the art of nicknames
should have totally lost the classical polish for which it was in the olden
time so eminently remarkable, until it has sunk into the vehicle of vulgar
abuse, neither adorned by wit nor chastened by urbanity.
These considerations have induced us to give our most serious attention
to the advancement and improvement of the art. We are confident that our
researches in this line of literature have not been misapplied; and our
readers will surely agree with us, when they reflect on the manifold utility
of the study, when properly cultivated. There is so little variety in English
Christian names, that, where friends are in the habit of using them, great
mistakes must naturally take place. A surname, as Charles Surface
observes, “is too formal to be registered in Love’s calendar.” A nickname
avoids alike the ambiguity of one, and the stiffness of the other; it unites all
the familiarity of the first with all the utility of the second. Besides this, the
nickname is a brief description of its object: it saves a million of questions,
and an hour of explanation: it is in itself a species of biography. Homer,
when he gives to his Juno the nickname of “Bull-eyed,” expresses in a word
what a modern rhymer would dilate into a canto.
For the rescuing of nicknames from the obloquy into which they have
fallen, we have collected a large assortment of them, which we are ready to
dispose of to applicants at a very low price. We have in our stock
appellations of every descriptions—the Classical, the Familiar, the
Theatrical, the Absurd, the Complimentary, the Abusive, and the
Composite. By an application at our publisher’s, new nicknames may be
had at a moment’s notice. The wit and the blockhead, the sap and the idler,
shall be fitted with denominations which shall be alike appropriate and
flattering, so that they shall neither outrage propriety nor offend self-
conceit. The dandy shall be suited with a name which shall bear no allusion
to stays, and the coquette with one which shall in no way reflect upon
rouge. In short, we have a collection of novelties adapted to both sexes, and
proper for all ages. In one thing only is our stock deficient; and that, we are
confident, will be supplied previous to the appearance of our second
number. We have no doubt that some obligingly sarcastic associate will
favour us with a new and an ingenious nickname for the Etonian.
YES AND NO.
“We came into the world like brother and brother,

And now let’s go hand in hand, not one before another.”
Shakespeare.
MR. LOZELL’S TREATISE ON THE ART OF SAYING “YES.”
“He humbly answered ‘Yea! Bob.’”

Anon.
Our opinion is very much strengthened by the belief that many of our
friends will assent to it, when we assert that no art requires in a greater
degree the attention of a young man, on his entrance into life, than that of
saying “Yes.” A man who deigns not to use this little word is a bulldog in
society; he studies his own gratification rather than that of his friends, and
of course accomplishes neither: in short, he deserves not to be called a
civilized being, and is totally unworthy of the place which he holds in the
creation.
Is not it right to believe the possible fallacy of one’s own opinion?—Yes.
Is not it proper to have a due consideration for the opinion of others?—Yes!
Is not it truly praiseworthy to sacrifice our conviction, our argument, our
obstinacy upon the shrine of politeness?—Again and again we answer—
Yes! yes! yes!
Nothing indeed is to us more gratifying than to behold a man modestly

diffident of the powers which Nature has bestowed upon him, and
assenting, with a proper sense of his own fallibility, to the opinions of those
who kindly endeavour to remedy his faults or to supply his deficiencies.
Nothing is to us more gratifying than to hear from the lips of such a man
that true test of a complying disposition—that sure prevention of all
animosity—that immediate stop to all quarrels—that sweet, civil,
complacent, inoffensive monosyllable—Yes!
Yet, alas! how many do we find who, from an affectation of singularity,
or a foolish love of argument, do as it were expunge this admirable
expression from their vocabularies. How many do we see around us, who
are in the daily habit of losing the most advantageous offers, of quarrelling
with strangers, and of offending their best friends, solely because they
obstinately refuse to call to their assistance the infallible remedy for all
these evils, which is to be found in the three letters upon which we are
offering a brief comment.
We are sure we are only chiming in with the opinion of other people,
when we lament the manifold and appalling evils which are the sure
consequences of this disinclination to affirmatives. To us it is really
melancholy to look upon the disposition to contradiction by which some of
our friends are characterized, to observe the manifest pride of some, the
unreasonable pertinacity of others. Of a surety, if we are doomed at any
future season to put on the yoke of wedlock, Mrs. L. and all the Masters and
Misses L. shall be early instructed in the art of saying “Yes.”
Look into the pages of history! You will find there innumerable
examples in support of our opinion. When the Greeks begged Achilles to
pocket his affronts and make an end of Hector, he refused. Very well, we
have no doubt he did all for the best; but we are morally sure that Patroclus
would not have been slain if Achilles had known how to say “Yes.” We all
know how he cried about it when it was too late. To draw another
illustration from the same epoch, how disastrous was the ignorance which
Priam displayed of this art when a treaty was on foot for the restoration of
Helen. Nothing was easier than to finish all disputes, to step out of all
difficulties, by one civil, obliging, gentlemanly “Yes.” But he refused—and
Troy was burned. What glorious results would a contrary conduct have
produced! It would have prevented a peck of troubles both to the Greeks
and the Etonians. It would have saved the Ancients ten years, and the
Moderns twelve books, of bloodshed. It is almost unnecessary to allude to
the imprudent, the luckless Hippolytus: he never would have been murdered
by a marine monster if he could but have said “Yes;” but the word stuck in
his throat, and he certainly paid rather dear for his ignorance.
“Yes,” cries a critic, “I agree with all this, but it’s all so old.” We assent
to your opinion, my good friend, and will endeavour to benefit by your
suggestion. Come, then, we will look for illustrations among the characters
of our own age.
There’s Lord Duretête, the misanthrope. He has a tolerable fortune,
tolerable talents, and tolerable person. He plays a tolerable accompaniment
on the flute, and a tolerable hand at whist. Yet, with all these tolerable
qualifications, he is considered a most intolerable man. What is the reason
of this seemingly anomalous circumstance? The reason is obvious—His
Lordship can’t say “Yes.” This abominable ignorance of our favourite art
interferes in the most trivial incidents of life; it renders him alike miserable
and disagreable. “Will your Lordship allow me to prefix your name to a
dedication?” says Bill Attic, the satirist. “I must go mad first,” says his
Lordship. “Duretête! lend me a couple of hundreds!” says Sir Harry. “Can’t,
’pon honour!” says his Lordship. “You dear creature, you’ll open my ball
this evening!” says Lady Germain. “I’ll be d—d if I do!” says his Lordship.
See the catastrophe. Bill Attic lampoons him, Sir Harry spits in his face, and
Lady Germain votes him a bore. How unlucky that he cannot say “Yes!”
Look at young Eustace, the man of honour! He came up to town last year
with a good dress, a good address, and letters of introduction to half a dozen
great men. He made his bow to each of them, spent a week with each of
them, offended each of them, and is now starving in a garret upon
independence and cold mutton. What is the meaning of all this? Eustace
never learned how to say “Yes!” “Virtus post nummos! Eh! young man?”
says old Discount, the usurer. “I can’t say I think so,” said Eustace. “Here!
Eustace, boy,” says Lord Fanny, “read over these scenes, and let me have
your opinion! Fit for the boards, I think! Eh?” “You’ll excuse me if I don’t
think they are,” says Eustace. “Well! my young friend,” cries Mr. Pliant,
“we must have you in Parliament I suppose; make an orator of you! You’re
on the right side, I hope?” “I should vote with my conscience, Sir,” says
Eustace. See the finale. Eustace is enlisted for life in the Grub Street Corps,
where he learns by sad experience how dangerous it is to say “No” to the
avarice of a usurer, the vanity of a rhymer, or the party spirit of a politician.
How unlucky that he cannot say “Yes.”
Godfrey is a lover, and he has every qualification for the office except
one. He cannot say “Yes.” Nobody, without this talent, should presume to
be in love. “Mr. Godfrey,” says Chloe, “don’t you think this feather pretty?”
“Absurd!” says Godfrey. “Mr. Godfrey!” says the lady, “don’t you think this
necklace becoming?” “Never saw anything less so!” says Godfrey. “Mr.
Godfrey,” says the coquette, “don’t you think I’m divine to-night?” “You
never looked worse, by Jove!” says the gentleman. Godfrey is a man of
fashion, a man of fortune, and a man of talent, but he will die a bachelor.
What a pity! We can never look on such a man without a smile for his
caprice and a tear for its consequences. How unlucky that he cannot say
“Yes!”
In the position we are next going to advance we know everybody will
agree with us, and this consideration very much strengthens our opinion.
Nothing is so becoming to a female mouth as a civil and flattering “Yes.” It
is impossible, indeed, but that our fellow-citizens should here agree with us,
when they reflect that they never can be husbands until their inamorata shall
have learnt the art of saying “Yes.” For the most part, indeed, civility and
good-nature are the characteristics of our British fair, and this natural
inclination to the affirmative renders it unnecessary for us to point out to
our fair countrywomen the beauties and advantages of a word which they
love as dearly as they do flattery. While we are on the subject of flattery, let
us obiter advise all Etonians to say nothing but “Yes” to a lady. But as a
thoughtless coquette or a haughty prude does occasionally forget the
necessity and the beauty of the word we are discussing, we cannot but
recommend to our fair readers to consider attentively the evils which this
forgetfulness infallibly entails. Laurelia would never have been cut by her
twenty-first adorer; Charlotte, with £4000 a year at fifteen, would never
have been an old maid at fifty; Lucy, with a good face and not a farthing,
would never have refused a carriage, white liveries, and a peerage, if these
unfortunate victims had studied in early youth the art of saying “Yes.”
Sweet—light—gay—quaint monosyllable! Tender, obliging, inoffensive,

affectionate “Yes!” How we delight in thy delicate sound! We love to hear
the enamoured swain petitioning for his mistress’s picture, till the lady, or
overcome by affection, or wearied by importunity, changes the “No” of coy
reluctance for the “Yes” of final approbation. We love to hear the belle of
Holborn Hill supplicating for Greenwich and the one-horse shay, till her
surly parent alters the shake of unconvinced obduracy for the nod of
unwilling consent. We love to see the hen-pecked husband humbly kneeling
for his Sunday coat and the “Star and Garter,” till Madam, conscious that
the Captain is secreted in the closet, transmutes the “No” of authoritative
detention into the “Yes” of immediate dismission. We love—but it is time to
bring our treatise to a conclusion, and we will merely observe, that
whenever we see Beauty without a husband or Talent without a place;
whenever we hear a lady considered an old maid, or a gentleman voted a
bore, we turn from the sight in melancholy mood, and whisper to ourselves:
“This comes of not being able to say ‘Yes.’”
MR. OAKLEY’S TREATISE ON THE ART OF SAYING “NO.”
“My son—learn betimes to say No.”
Miss Edgeworth.
Our opinion is not a jot weakened by the probability that many of our
friends will dissent from it, when we assert that no art requires in a greater
degree the attention of a young man, on his entrance into life, than that of
saying “No.” A man who is afraid to use this little word is a spaniel in
society; he studies to please others rather than to benefit himself, and of
course fails in both objects: in short, he deserves not to be called a man, and
is totally unworthy of the place which he holds in the creation.
Is he a rational being who has not an opinion of his own?—No. Is he in
the possession of his five senses who sees with the eyes, who hears with the
ears, of other men?—No! Does he act upon principle who sacrifices truth,
honour, and independence, on the shrine of servility?—Again and again we
reply—No! no! no!
Nothing indeed is to us more gratifying than to behold a man relying
boldly on the powers which Nature has bestowed upon him, and spurning,
with a proper consciousness of independence, the suggestions of those who
would reduce him from the rank he holds as a reasonable creature to the
level of a courtier and a time-server. Nothing is to us more gratifying than
to hear from the lips of such a man that decided test of a free spirit—that
finisher to all dispute—that knock-down blow in all arguments—that
strong, forcible, expressive, incontrovertible monosyllable—No!
Yet, alas! how many do we find who are either unable or unwilling to
pronounce this most useful, most necessary response! How many do we see
around us, who are in the daily habit of professing to know things of which
they are altogether ignorant, of making promises which it is impossible for
them to perform, of saying (to use for once α soft expression) the thing
which is not, solely because they will not call to their assistance the
infallible remedy for all these evils, which is to be found in the two letters
upon which we are offering a brief comment.
It is dreadful to reflect upon the evils which this neglect must infallibly
produce. It is dreadful to look round upon the friends and relatives whom
we see suffering the most appalling calamities from no other misconduct
than a blind aversion to negatives. It is disgusting to observe the flexible
indecision of some, the cringing servility of others. Forgive us, reader, but
we cannot help soliloquizing: “God save the King of Clubs, and may the
Princes of the Blood Royal be early instructed in the art of saying ‘No.’”
Look into the pages of history! You will find there innumerable
examples in support of our opinion. Pompey was importuned to give battle
to Cæsar: he complied. Poor devil! He would never have been licked at
Pharsalia if he had learned from us the art of saying “No.” Look at the
conduct of his rival and conqueror, Cæsar! You remember the words of
Casca, “I saw Mark Antony offer him a crown and he put it by once; but for
all that, to my thinking, he would fain have had it!” Now this placid
“putting by” was not the thing for the Romans: we are confident Julius
Cæsar would never have died by cold steel in the Senate if he had given
them a good decisive insuperable “No!” Whatever epoch we examine, we
find the same reluctance to say “No” to the allurements of pleasure and the
mandates of ambition, and alas! we find it productive of the same
consequences. Juvenal tells us of an unfortunate young man, one Caius
Silius, who was unlucky enough to be smiled upon by the Empress
Messalina. The poor boy knew the danger he ran—he saw the death which
awaited him; but an Empress sued, and he had not the heart to say “No!” He
lost his heart first, and his head shortly afterwards.
“Dam’me,” says a blood, “all that happened a hundred years ago.” An

Etonian has occasionally great difficulty in carrying his ideas a hundred
years back. Well, then, we will go example-hunting nearer home.
There’s Sir Philip Plausible, the Parliament man. He can make a speech
of nine hours and a calculation of nine pages; nobody is a better hand at
getting up a majority, or palavering a refractory Oppositionist; he proffers
an argument and a bribe with equal dexterity, and converts by place and
pension when he is unable to convince by alliteration and antithesis. What a
pity it is he can’t say “No!” “Sir Philip,” says an envoy, “you’ll remember
my little business at the Foreign Office!” “Depend upon my friendship,”
says the Minister. “Sir Philip!” says a fat citizen, with two votes and two
dozen children, “you will remember Billy’s place in the Customs!” “Rely
on my promise!” says the Minister. “Sir Philip!” says a lady of rank,
“Ensign Roebuck is an officer most deserving promotion!” “He shall be a
colonel! I swear by Venus!” says the Minister. Exitus ergo quis est? He has
outraged his friendship, he has forgotten his promise, he has falsified his
oath. Had he ever an idea of performing what he spoke? Quite the reverse!
How unlucky that he cannot say “No!”
Look at Bob Lily! There lives no finer poet! Epic, elegiac, satiric,
Pindaric—it is all one to him! He is patronized by all the first people in
town. Everybody compliments him, everybody asks him to dinner. Nay!
there are a few who read him. He excels alike in tragedy and farce, and is
without a rival in amphibious dramas, which may be called either the one or
the other; but he is a sad bungler in negatives. “Mr. Lily,” says the Duchess,
his patroness, “you will be sure to bring that dear epithalamium to my
conversazione this evening!” “There is no denying your Grace,” says the
poet. “I say, Lily,” says the Duke, his patron, “you will dine with us at
seven?” “Your Grace does me honour,” says the poet. “Bob,” says the
young Marquis, “you are for Brookes’s to-night?” “Dam’me! to be sure,”
says the poet. Mark the result. He is gone to eat tripe with his tyrannical
bookseller; he has disappointed his patroness, he has offended his patron, he
has cut the Club! How unlucky that he cannot say “No.”
Jack Shuttle was a dashing young fellow, who, to use his own
expression, was “above denying a thing;” in plainer terms, he could not say
“No.” “Sir!” says an enraged Tory, “you are the author of this pamphlet!”
Jack never saw the work, but he was “above denying a thing,” and was
horsewhipped for a libeller. “Sir!” says an unfortunate pigeon, “you hid the
king in your sleeve last night!” Jack never saw the pigeon before, but he
was “above denying a thing,” and was cut for a blackleg. “Sir!” says a hot
Hibernian, “you insulted my sister in the Park!” Jack never saw the lady or
her champion before, but he was “above denying a thing,” and was shot
through the head the next morning. Poor fellow! How unlucky that he could
not say “No!”
In the position we are next going to advance we know everybody will
differ from us; but this only strengthens our opinion. Nothing is so
becoming to a female mouth as the power—ay, and the inclination—to say
“No.” So firmly, indeed, are we attached to this doctrine, that we never will
marry a woman who cannot say “No.” For the most part, indeed, the sex are
pretty tolerably actuated by what the world calls a spirit of contradiction,
but what we should rather designate as a spirit of independence. This
natural inclination to negatives renders it unnecessary for us to point out to
our fair countrywomen the beauties and advantages of a word which they
use as constantly as their looking-glass. Nevertheless, they do occasionally
forget the love of opposition, which is the distinguishing ornament of their
sex; and alas! they too frequently render themselves miserable by
neglecting our conclusive monosyllable. We most earnestly entreat those
belles who honour with their notice the humble efforts of the Etonian, to
derive a timely warning from the examples of those ladies who have lived
to regret a hasty and unthinking assent. Anna would never have been the
mistress of a colonel; Martha would never have been the wife of a cornet;
Lydia would never have been tied to age, ugliness, and gout, if these
unfortunate victims had studied in early youth the art of saying “No.”
Short—strong—sharp—quaint monosyllable! Forcible, convincing,
argumentative, indisputable “No!” How we delight in thy expressive sound!
We love to hear the Miss of fifteen plaguing her uncle for her Christmas
ball, till Squaretoes, finding vain the excuses of affection, finishes the
negotiation with the “No” of authority. We love to hear the enamoured
swain pouring forth his raptures at the feet of an inexorable mistress, till the
lady changes her key from the quiet hint of indifference to the decided “No”
of aversion. We love to hear the schoolboy supplicating a remission of his
sentence, until his sable judge alters the “I can’t” of sorrowful necessity, to
the “No” of inflexible indignation. We love—but it is time for us to bring
our treatise to a conclusion, and we will merely observe, that whenever we
see a man engaged in a duel against his will or in a debauch against his
conscience; whenever we see a patriot accepting of a place, or a beauty
united to a blockhead, we turn from the sight in disgust, and mutter to
ourselves: “This comes of not being able to say ‘No.’”
THOUGHTS ON THE WORDS “TURN OUT.”
“We all, in our turns, turn out.”—Song.
Turn Out! There are in the English language no two words which act so
forcibly in exciting sympathy and compassion. There is in them a
melancholy cadence, beautifully corresponding with the sadness of the idea
which they express: they awaken in a moment the tenderest recollections
and the most anxious forebodings: there is in them a talismanic charm
which influences alike all ages and all dispositions; the Church, the Bar, and
the Senate are all comprised in the range of its operation: indeed, we
believe that in no profession, in no rank of life, we shall find the man who
can meditate, without an inward feeling of mental depression, on the
simple, the unstudied, the unaffected pathos of the words “Turn out.”
Is it not extraordinary, that when the idea is in itself so tragic, and gives
birth to such sombre sensations, Melpomene should have altogether
neglected the illustration of it? Is it not still more extraordinary that her
sportive sister Thalia should have dared indecorously to jest with a subject
so entirely unsuited to her pen? To take our meaning from its veil of
metaphor, is it not extraordinary that Mr. Kenney should have written a
farce on the words “Turn Out?” We regard Mr. Kenney’s farce as a
sacrilege, a profanation, a burlesque of the best feelings of our nature; and
in spite of the ingenuity of the writer, and the talents of the performers,
humanity and its attendant prejudices revolt in disgust from the scene which
endeavours to raise a laugh by a parody of so melancholy a topic.
It is not difficult to account for the pensive feelings which are excited by
these words: they recall forcibly to our mind the uncertainty of all human
concerns; they bid us think on the sad truth, that from power, from
affluence, from happiness, we may be “turned out” at a minute’s warning;
they whisper to us that the lease of life is held on a precarious tenure,
subject to the will of a Providence which we can neither control nor foresee;
they oblige us to look forward to that undiscovered country, from whose
dark limits we would fain avert our eyes; they convince us of the truth of
the desponding expression of the Psalmist, “Man is but a thing of nought,
his time passeth away like a shadow.”
Are not these the reflections of every thinking mind? If they are not, we
must entreat the indulgence of our readers for the melancholy pleasure we
take in the discussion of the subject. The words may indeed be more than
ordinarily affecting to us, inasmuch as they remind us of a friend who in his
life was “turned out” from every thing that life can bestow, but who in his
death shall never be “turned out” from that consolatory tribute to his Manes
—the recollection of a sincere friend. Poor Gilbert! The occurrences of his
eventful existence would indeed furnish materials for the poet or the
moralist, for a tragedy of five acts, or a homily of fifty heads. His father
always prophesied he would turn out a great man; and yet the poor fellow
did nothing but turn out, and never became a great man. At fourteen he
turned out with a bargeman, and lost an eye; at seventeen he was turned out
from Eton, and lost King’s; at three-and-twenty he was turned out of his
father’s will, and lost a thousand a-year; at four-and-twenty he was turned
out of a tandem, and lost the long odds; at five-and-twenty he was turned
out of a place, and lost all patience; at six-and-twenty he was turned out of
the affections of his mistress, and lost his last hope; at seven-and-twenty he
was turned out of a gaming-house, where he lost his last farthing. Gilbert
died about a year ago, after existing for some time in a miserable state of
dependence upon a rich uncle. To the last he was fond of narrating to his
friends the vicissitudes of his life, which he constantly concluded in the
following manner:—“So, gentlemen, I have been turning out during my
whole life; you now see me on the brink of the grave, and I don’t care how
soon I turn in.”
We had not heard from him for a considerable space of time, and were
beginning to wonder at his protracted silence, when a friend who was
studying the Morning Post apprised us of his decease by the following
exclamation:—“My God! Old Gilbert’s dead! Here’s a quaint turn out!”
Alas! how often does it happen that we are not aware of the value of the
blessings we enjoy until chance or destiny has taken them from us. This has
been the case in our acquaintance with our lamented companion. How
bitterly do we now regret that we did not, while his life was spared, make
use of his inestimable experience to collect some instructions on the art of
turning out, both in the active and the neuter signification of the words. For
surely no two things are more difficult than the giving or receiving of a
dismissal. To go through the one with civility, and the other with firmness,
is indeed a rare talent, which every man of the world should study to attain.
When we consider the various chances and vicissitudes which await the
citizens of our little commonwealth in their progress through life; when we
recollect that some of them will enter into political life, in order to be turned
out of their places; others will enjoy the titular distinction of M.P., that they
may be turned out of their seats the next election; while others again, by an
attachment to Chancery expedition, will endeavour to get turned out of their
estates;—it is surely worth while to bestow a little attention upon the most
proper mode of behaving under these unfortunate circumstances.
Mr. Monxton receives a turn out better than any political man of our
acquaintance. It was of him that Sir Andrew Freeman, a Hertfordshire
Independent, who, to do him justice, would be witty if he could, broached
the celebrated remark—“He has turned out so often, that I should think he’s
turned wrong side out by this time.” Mr. Monxton is indeed a phenomenon
in his way. The smile he wears on coming into office differs in no respect
from that which he assumes on resigning all his employments. He departs
from the enjoyment of place and power, not with the gravity of a
disappointed Minister, but with the self-satisfied air of a successful courtier.
The tact with which he conceals the inward vexation of spirit beneath an
outward serenity of countenance is to us a matter of astonishment. When we
have heard him discussing his resignation with a simper on his face, and a
jest on his lip, we have often fancied that Mr. Kemble would appear to us in
the same light were he to deliver Wolsey’s soliloquy with the attitudes and
the gestures of a harlequin in a pantomime. Juvenile politicians cannot
propose to themselves, in this line of their profession, a better model than
Mr. Monxton.
Nor is this art less worthy the attention of the fair sex. There are very
few ladies who have the talent of dismissing a lover in proper style. There
are many who reject with so authoritative a demeanour, that they lose him,
as an acquaintance, whom they only wish to cast off as a dangler; there are
many again who study civility to such an extent that we know not whether
they reject or receive, and have no small difficulty in distinguishing their
smile from their frown. The deep and sincere interest which we feel in all
matters relating to the advantage or improvement of the fair sex induces us
to suggest that an academy, or a seminary, or an establishment should be
forthwith instituted for the instruction of young ladies not exceeding thirty

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Practical Business Math Procedures

12th Edition Slater Test Bank

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2. Trade discounts represent increases to the purchase price.

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3. Sellers' catalogs list only the net price.

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5. Amounts of trade discounts are not fixed.

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6. Trade discounts sometimes are taken on freight.

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8. Net price plus amount of trade discount equals list price.

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10. The complement of 25% is 52%.

12. A chain discount is a series of three or more successive discounts.

A chain discount is a series of two or more discounts.

13. Chain discounts sometimes may be added together.

15. The complement of 10% is 90%, or in decimal .90.

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21. The net price equivalent rate of 10/20/5 is .684.

22. The single equivalent discount rate of 9/5/4 is .17008.

Trade discounts are taken before cash payment discounts.

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25. A discount period is always greater than the credit period.

The discount period is a portion of the credit period.

26. Cash discounts are not taken on freight or returned goods.

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FOB shipping point means the buyer pays the freight.

FOB destination means the seller pays the freight.

29. Knuckles on your hand represent months with 30 days.

Knuckles on your hand represent months with 31 days.

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30. 50 days from July 9 is August 28.

Use an exact days calendar to calculate; 240 - 190.

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31. Feb. 15 is 71 days from Nov. 29.

Use an exact days calendar to calculate; 365 - 333 + 46 = 78.

33. 2/10, n/30 is an example of the ordinary dating method.

The discount is taken after, not before, the receipt of goods.

The credit period ends 20 days after the discount period.

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The partial payment is divided by the complement of the discount rate.

A. List price × trade discount rate

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A. Contain list price

Discount sheets are prepared instead of entire new catalogs.

44. Amount of trade discount is represented by the:

The discount amount is a portion of the whole sale cost.

45. The complement of 35% is: