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A: Note: Since you have posted multiple questions, we will solve the first question. Please submit a…
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A: The answer is as fallows
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A: Note: As per the policy, we are supposed to solve the first three subparts at a time, Kindly repost…
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A: The high low method is used to find the fixed cost and variable cost from the mixed cost.
Q: You buy goods with a list price of $800. You return goods that are defective, having a list price of…
A: Formula: Net Purchases = purchases - purchase returns
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A: >Markup is the amount of difference between Cost and the selling price of a product. >Cost is…
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A: Markup rate = (Selling price - Purchase price)/ Purchase price
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Q: 1.)The suppliers sells a set of stainless steel tray's to jane's cookies shop. The list is price is…
A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…
Q: 4. Ms. Raheema purchases goods with a list price of RO 30,000. The supplier offers a 10 % trade…
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A: The difference between selling price and cost price is the mark up cost.
Q: A consumer buys an article for a listed price of 380 OMR from a shopkeeper and pays 10% sales tax.…
A: Tax collected from consumer = listed price of article x sales tax rate = 380 x 10% = 38 OMR
Q: A watch store owner decided to offer a 20% discount for a particular brand of watch that sells at…
A: Solution: Introduction: Trade Discount is a certain percentage on the List price given by the…
Q: Mr. Raza, a drug store retailer, seils surgical face masks and KN95 masks. He can regularly acquire…
A: Correct answer is option (d) 350 surgical face masks and 150 KN95 masks.
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A: In the question, Company X has purchased a machine. Thus it is assumed that the package of products…
Q: Appliance Store realizes a mark-up of PHP3,450 in selling TV sets. If its items are sold at a…
A: Mark-up is the difference between the selling price and the cost price. The mark-up percentage on…
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A: Given: Selling price per unit =OMR 200Variable cost per unit =OMR150Fixed cost =OMR 10000
Q: eBay sells used products collected from different suppliers. Assume a customer purchases a used…
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A motorcycle shop pays its wholesaler Php 4,500 for a certain helmet, and then sells it to a customer for Php 7.500 What is the mark-up rate?
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- A shopkeeper pays 24 RO VAT. He sells the product to the customer for 730 RO. The sales tax is 8%. What price did the shopkeeper pay for the product?A specialty shop procures several antique clocks for $5,000 apiece and offers them to customers for $7,150 each. What is the mark-up, as a percentage?2. A branded cellphone is on sale having a discount of Php 512.75. It is 7% of the selling price. How much will a customer pay? 3. Php 826.10 was deducted on a bath mirror on sales. The invoice price was Php 3194.90. What is the discount rate? 4. Mean enterprises offered a selling price of Php 5500 and an invoice price of Php 4375 on a cloth dryer. AFN sales having the same brand of cloth dryer offers a selling price of Php 5290 with a net cost of Php 4300.Which offers a higher rate of discount. 5. After removing the 5 % discount on a branded men's leather shoe. Mr. Tomas only pays Php 1825.00. What is the original of the item?
- You buy goods with a list price of $500. You return goods that are defective, having a list price of $60. You are entitled to a trade discount of 30%. The seller paid $20 freight on your behalf and added the amount to the invoice. You are offered a 4% cash discount if you pay the invoice within 15 days. What is the net amount you should pay the supplier if you pay within the discount period?A consumer buys a Television whose listed price is RO 380 from a shopkeeper and pays a sales tax at the rate of 10%. The shopkeeper pays a VAT of RO 3. The input tax for the shopkeeper isShurgurado Lhines is a dealer of cleaning materials. If it pays PhP1,875 for the vacuum cleaner and sells each at PhP4,499.50. a What is the percent markup based on selling price? b. Shurgurado Lhines decided to give a 1-year Product Replacement Policy amounting to PhP399.50. If it pays PHP75.00 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup amount," (the gross margin), was made by offering the policy? Continuing with the information from letter c, compare the total markup amount of Shurgurado Lhines on: i. C. d. Vacuum cleaners only Combination of vacuum cleaner and policy replacement offer e. As Operations Manager for Shurgurado Lhines, what is your opinion on offering such replacement policy considering their effect on the "profit picture" of the…
- You place an order for 1,500 units of Good X at a unit price of $52. The supplier offers terms of 1/25, net 40. How long do you have to pay before the account is overdue? If you take the full period, how much should you remit. What is the discount being offered? how quickly must you pay to get the discount? If you do take the discount, how much should you remit? if you don't take the discount, how much interest are you paying implicitly? How many day's credit are you receiving?Shurgurado Lhines is a dealer of cleaning materials. If it pays PHP1,875 for the vacuum cleaner and sells each at PhP4,499.50... What is the percent markup based on selling price? Shurgurado Lhines decided to give a 1-year Product Replacement Policy amounting to PHP399.50. If it pays PhP75.00 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? |If 6,000 vacuum cleaners are sold in а. b. С. season and 40% are sold with the insurance policy, how many additional "markup amount," (the gross margin), was made by offering the policy? Continuing with the information from letter c, compare the total markup amount of d. Shurgurado Lhines on: Vacuum cleaners only Combination of vacuum cleaner and policy replacement offer i. ii. As Operations Manager for Shurgurado Lhines, what is your opinion on offering such replacement policy considering their effect on the "profit picture" of the е.…A vendor is running a promotion whereby a consumer who purchases three boxes of golf balls at P20 per box in a single transaction receives an offer for one free box of golf balls if the customer fills out a request form and mails it to the vendor before a set expiration date (a mail-in rebate). The vendor estimates, based on recent experience with similar promotions, that 80% of the customers will complete the mail-in rebate required to receive the free box of golf balls. How much of the transaction price is allocated to the mail-in rebate?
- ABC Kitchen sells dishwashers and garbage disposals to customers. The company buys the dishwashers and garbage disposals from a wholesaler and it costs the company $7,000 for each dishwasher and $4,000 for each garbage disposal. The company sells its dishwashers for $10,000 and garbage disposals for $6,080 each. ABC Kitchen will install the dishwashers and garbage disposals for $1,000 each. On Dec 26, 2021, during Boxing day sales, ABC Kitchen offered a deal to its customers where they could buy a dishwasher, garbage disposal, including full installation package for a total price of $14,000. The Company sold 100 packages. The dishwashers and garbage disposals were shipped and delivered on Jan 18, company completed half the installations on Jan 22, 2022 and the 2022 remaining installations were done on Jan 29, 2022. *Question: Prepare all the required journal entrycan you please explain how to recognize the revenue if you have the information below using IFRS The A company sells copy machine at a sales price of JPY1,500,000 per unit. The salesprice includes delivery and installation. It also gives a maintenance service (6 years) in which atechnician checks to make sure that the machine is working properly with a price of JPY500,000(one-time prepayment).The A company has started a promotion campaign in which the maintenance service (6years) will be offered for free to a client that buys a copy machine of JPY 1,728,000.The A company has made a contract to sell a copy machine with the maintenance service(6 years) to B company by JPY 1,728,000.Ace Hardware buys brushes at a wholesale price of PhP 380 each. If the selling price is PhP 627, what is the markup rate?