ABC Mart had 840 forks and spoons in his shop. Last week, 50% of the forks and 75% of the spoons were sold during a sale. There were 240 forks and spoons left, How many forks were there in ABC Mart at first?
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- In a shop that sells t-shirts, 250 blue t-shirts were sold weekly and 25% of the remaining t-shirts that were sold were red. Of the leftover, 40% of the t-shirts sold were yellow t-shirts and the rest were black t-shirts. Given that the number of black t-shirts sold was 20% of the total number of t-shirts sold, how many red and blue t-shirts were sold altogether?Firm A is a merchandiser selling small devices. At the beginning of October, it has 400 devices in the warehouse. Each cost is 2.5 dollars. On Oct.5th, the firm purchased 300 new devices with a price of 3 dollars each. On Oct.10th, the firm sold 500 devices. On Oct.15th, the firm purchased 400 new devices with a price of 3.5 dollars each. On Oct.20th, the firm sold 200 devices. On Oct.25th, the firm sold 300 devices. On Oct.15th, the firm purchased 250 new devices with a price of 4 dollars each. Please determine the cost of merchandise sold during October and how the calculation process.Corey's Campus Store has P50,000 of inventory on hand at the beginning of the month. During the month, the company buys P80,000 of merchandise and sells merchandise that had a cost of P30,000. How much is the unsold inventory? Show your solution.
- Widgets Company, a company that sells only one type of widget, had a beginning inventory in September of 11 units, at $200/unit. Throughout the first two weeks, they purchased additional inventory in the amount of 5 widgets at $209/widget and 9 widgets at $220 each. During the third week, they sold 12 widgets at $420/each. If the replacement cost decreased to $205 in October, and the company is using FIFO, what is the adjustment that should be made to the inventory account?A service garage uses 204 boxes of cleaning cloths a year. The boxes cost $12 each. The cost to place one order is $15, and the cost to hold one box in inventory for a year is $2.40. Using this information, what is our total holding and ordering cost if we currently order 12 boxes at a time?A clothing retailer is going to mail out 10,000 catalogues. It costs $2 to mail out each catalogue. When a customer places an order from a catalogue assume a profit of $50 per order is earned. It is assumed that 5% of those who receive a catalogue will place an order however, this number can vary. Use the file below to help you with your tables. Assume that: [total profit = total profit made from the orders – the amount spent on mailing out the catalogues]. a) Use a one-variable data table to determine how the total profit earned from the mailing will vary depending on a response rate between 4% and 10% (with increments of 2%). b) Create a two-variable data table to show how the total profit changes with a varying response rate and number of catalogues mailed. Vary the response rate between 4% and 10% with increments of 2% and vary the number of catalogues mailed from 10,000 to 30,000 at increments of 5000.
- A hotel café has the following data in a given month: opening inventory = $12,700; closing inventory = $11,800; food purchases = $25,400; transfers in = $1,100; transfers out = $600; employee meals = $1,500; promotions = $300; there are no steward or grease sales. What is the cost of food sold for this month in this restaurant?Target sells sets of pots ($30) and dishes ($20). On the July 4 weekend, Target’s total sales were $700. People bought a total of 30 sets of pots and dishes. How many of each set did Target sell?[The following information applies to the questions displayed below.] In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 220 units at $6 on January 1, (2) 640 units at $7 on January 8, and (3) 940 units at $8 on January 29. Assuming 1,185 units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory, and cost of goods sold under weighted average cost flow assumptions. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Weighted Average Cost
- For Mardi Gras, Sassy Southerner Boutique purchased 700 sets of boxed jewelry sets to sell for $19.99. 150 boxes were sold at the regular price. Then, to encourage more customers to purchase the boxed sets, the remaining sets were marked down to $14.99, and 208 boxes were sold. The week of Mardi Gras, the buyer was concerned that she would still have boxes leftover, so she took another markdown to $9.99, and moved them to the cash register for a prominent display, and she sold 300 boxes at this price.Mary hopes to sell 10,000 pieces of chrysanthemum last November but she was able to sell 15,000 chrysanthemum. Her chrysanthemum is sold at 20 pesos each. Her total expenses was 150,000, hence, cost per unit is 15.00. Out of the 15,000 pieces sold, Maria, one of your retailers was able to sell 5,000. What was the sales volume percentage in Maria’s location? * 30% 33.33% 3%Your cousin’s business is up and running. She is meeting inventory management issues and wants to solve the repeated problem once and for all. Each period, her company starts with 350 metal bars in stock. This stock is depleted every two weeks and reordered. The calendar year is comprised of 52 weeks.It costs $1.50 to hold every metal bar over the year. Every order comes at a fixed cost (unloading, storage and record of receipt) of $300.00 Your cousin places an order for 540 units of metal bar at a unit price of $62.00. The supplier offers terms of 1/10, net 30 A) Indicate how much time can you wait to pay before the account is overdue. If you take the full period, determine how much you will have to remit. b) Identify the discount being offered and the period left for payment to get the discount. If you do take the discount, determine how much you will have to remit.