1. An online seller sells RTW for P4,500 for 75 pieces of trendy tiktok tops. Lara offered to buy the clothes P3,750. They both agreed at Lara's price plus P250.00. How much is the fair market value of the ornamental plant? O Php 250.00 O Php 3,750.00 O Php 4,000.00 O Php 4,500.00

1. An online seller sells RTW for P4,500 for 75 pieces of trendy tiktok tops. Lara offered to buy the clothes P3,750. They both agreed at Lara's price plus P250.00. How much is the fair market value of the ornamental plant? O Php 250.00 O Php 3,750.00 O Php 4,000.00 O Php 4,500.00

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Related questions

Q: Q. # 6. Michelle bought belts for her boutique at a cost of $27.00 each. The belts were marked up so…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 2) A fish vendor bought P653.85 worth of fish. The following day his order worth P562.15 arrived. If…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 1. Grace bought an entertainment system from a merchant who offers P25,000 at the end of 60 days.…

A: The future amount payable includes the original price and the interest payable on the Original…

Q: Swifty Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 boxtops…

A: Premium (Gift) means the product given free of cost to the customer on fulfilling the certain…

Q: Fairfax Cookie just bought 2 tons of chocolate chips from Chantilly Chocolate. Fairfax Cookie has…

A: The present value table of discount rate of 9.94%period9.94%10.909620.827330.753

Q: A carpenter produced 200 sofas which he sold at k5000/ sofa, he incurred k5000 on raw materials, he…

A: Accounting Profit = Total Revenue – Explicit Costs Explicit cost are the actual cost of the…

Q: SITUATION 6: A car has a window price of 3.2M, if a man would be willing to purchase the car by…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: 3. Trudy takes out an easy access loan for $500. It cost her $10 for every $100 and a one-time fee…

A: Trudy takes out an easy access loan = $500 Cost for every $100 = $10 Cost for $500 loan = $500 x…

Q: Ashley bought a bracelet at original cost $19 to sell in her handicraft store. She marked the price…

A: List Price: List price refers to the price at which the manufacturer sells a product notionally.…

Q: 1. A buyer purchased 1500 towels at $10 each and 1500 matching face clothes at $5 each. The buyer…

A: Mark up on purchase = Markup value / Purchase price

Q: years. As they are in a very good trade relationship Abdul Hamid planned to give him a trade…

A: The question is based on the concept of trade discount. A trade discount is simply reduction in the…

Q: A businessman wants to buy a truck. The dealer offers to sell the truck for either $120,000 now, or…

A: The time value of money refers to the concept that a dollar received in the future is worth less…

Q: Assuming that Ms. Aysha Alshuili was working as a Marketing manager of a Saud Bahwan Automobiles LLC…

A: 3/10 net 60 means 3% discount will be there if payment is made with in 10 days and no discount after…

Q: 1. Lucy Heartfillia buy a television set from a merchant who offers P25,000 at the end of 60 days.…

A: Future Value: Using an expected rate of growth, future value (FV) is defined as the worth of a…

Q: What will be the amount payable by the wholesale trader? a. OMR 3000 b. OMR 2940 c. OMR 2850 d. OMR…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : Terms…

Q: 10. Casey purchases a $2800 engagement ring. It has a 7% sales tax and a 10% excise tax. Casey does…

A: Cost of the ring = $2800Sales tax = 7%Excise tax = 10%Discount code= $100

Q: The Prosphere bookstore sells the book used in classed such as workbooks and coloring books. All the…

A: Income statement with all workings are as follows:

Q: Apollo Denis owns a store retail outlet.Jessica bought goods from Apollos store worth k600.Apollo…

A: Data given:Goods worth= k600Discount allowed=20%Required: How much is discount amount ?

Q: Shiela bought an exercise machine at Toby’s Sport House with a list price of P16,000 subject to 13%…

A: List price is the price before any discount. Discount is calculated on the list price.

Q: (a) Kerry Kase purchased an electronic register for £2,499 after VAT for her restaurant. The VAT was…

A: VAT is value added tax being imposed on sale of goods and services in business. Sales price will be…

Q: December 31, 20x6, JANE granted the following people franchises that ANNA BETY id (down payment)…

A: Total revenue to be recognized by jane on Dec 31, 2006

Q: Jonathan is considering opening a shop for online baseball memorabilia. He has two options. He can…

A: Variable cost refers to the costs that vary directly with the level of output or sales. In the given…

Q: Odette sells a particular brand of laptop for Silicon Valley. The applicable commission rates are 5%…

A: The sales commission is an additional compensation over their salary, the employees receive for…

Q: 6. Noboru Yonmine sees a surfboard that regularly sells for $179 on sale at 30% off. How much can…

A: Regular sale price = $ 179 Discount rate = 30%

Q: A new phone is for sale at Php13499 in cash or in instalment terms, Php2500 each mobth for the next…

A: Present value of any deposit is the discounted value of the intermediary and terminal values at…

Q: Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers thee…

A: Net present value: The difference between the inflow of cash and outflow of cash during the period…

Q: Robert Williams runs a popcorn stand in the local amusement park. Her cost to produce a bag of…

A: Formula to Compute the Price is as follows: Price =Cost 1+Markup%

Q: S. Mahlangu's farm books indicate that on 1 March 2021 the value of fertilizer stocks on-hand was…

A: Inventories are the current assets of the company that are held and used for the regular trading…

Q: 1- James owns a grocery store in north Westley, UK. He purchased £50,000 worth of goods from his…

A: VAT means that tax levied by government on the sale or purchase of goods. VAT means the value added…

Q: Assuming that Ms. Aysha Alshuili was working as a Marketing manager of a Saud Bahwan Automobiles LLC…

A: Total sales value = Sales quantity x sales price per unit = 10kg x OMR 3 per kg = OMR 30

Q: what is the final cost including a 7% sales tax?

A: Given information is: Discount = $40 Retail price = $679 Sales tax = 7%

Q: Tutorial Q. 4 Khalid is a salt merchant who supplies salt to general merchants in Lahore city. In…

A: Comment - We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: . The computer had a $2,200 list price with a 25% trade discount but no cash discount. On het the…

A: Answer : a. Net amount payable for printer after trade discount = $620-$100 = $520 Interest is paid…

Q: Assuming that Ms. Aysha Alshuili was working as a Marketing manager of a Saud Bahwan Automobiles LLC…

A: Credit term: 3/10 net 30 3 % Discount can avail if the payment is within 10 days . Otherwise…

Q: Oriole Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 4 boxtops…

A: Box tops yet to be received=Total boxes sold×60%-Redeemed by customers=795,000×60%-356,000=121,000

Q: Anne Lee and her sister operate in office services company that carries to local small businesses…

A: >When anything is purchased, the transaction is either:--paid in cash, or--on account, where no…

Q: Ikea received the sofa set that was bought at a wholesale price of PhP 11,000. The secretary, Mr.…

A: Marks up amount = wholesale price x Marks up % = PhP 11,000 x 55% = Php 6,050

Q: Assuming that Ms. Aysha Alshuili was working as a Marketing manager of a Saud Bahwan Automobiles LLC…

A: There are various types of business. Some of them are: Manufacturing business: A business is…

Q: The table on the right shows closing costs for a purchase of a $170,000 house requiring a 20% down…

A: Closing costs are upfront costs incurred while buying a house and getting a mortgage.This is cash…

Question

100%

1.
An online seller sells RTW for P4,500
for 75 pieces of trendy tiktok tops.
Lara offered to buy the clothes
P3,750. They both agreed at Lara's
price plus P250.00. How much is the
fair market value of the ornamental
plant?*
O Php 250.00
O Php 3,750.00
O Php 4,000.00
O Php 4,500.00

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1++

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

1. If the Fur Zapper entrepreneurs want $600,000 at 15%, what is the total value of their business? 2. Explain what the "line of credit" is in Lori's offer. 近

A6
Mr. Raza, a drug store retailer, seils surgical face masks and KN95 masks. He can regularly acquire a supply of 200 to 400 surgical masks and 100 to 150 KN95 masks but not more than 500 items altogether. Mr. Raza can buy the surgical masks wholesale at Php10 each and sell them for Php18 each, whereas the KN95 masks cost Php25 each at wholesale but can be sold for Php 35 each. How many of each type should Mr. Raza acquire to make a maximum profit? 200 surgical face masks and 150 KN95 masks 200 surgical face masks and 100 KN95 masks 400 surgical face masks and 100 KN95 masks 350 surgical face masks and 150 KN95 masks
1. Mr. X, an importer of wheat, imported wheat for Tk. 70. He paid VAT @15%. He sold it to a wholesaler Mr. W for Tk. 100 and collected VAT @ 4.5%. Mr. W sold it to a retailer for Tk. 150 and collected VAT @7.5%. Give necessary journal entries for these transactions. 2. Mr. X, an importer of wheat, imported wheat for Tk. 70. He paid VAT @15%. He sold it to a wholesaler Mr. W for Tk. 100 and collected VAT @ 4.5%. Mr. W sold it to a retailer for Tk. 150 and collected VAT @15%. Mr. W maintains all the necessary documents/records as required by the VAT laws. Give necessary journal entries for these transactions.
QUESTION 2 Syed and Hana a newlywed bought furniture sets for their new house and received an invoice as follows on the 24th of May 2021 purchased. There was RM150 transportation charged to deliver the furniture set to their house. ITEMS Bedroom Set Dining Set Leather Sofa PRICE RM 5200 RM 3900 RM 4200 Since they bought few items then the seller gave them some special discounts of 10% and X% and the cash discount terms were 8/15, 5/20, n/30. Based on the given information: Explain the cash discount terms of 8/15, 5/20, n/30. a) b) Determine the last date to receive 8% and 5% cash discount. c) If the payment was made on the 11th of June 2021 is RM 10952.93, find the value of x. d) Calculate the single discount equivalent rate to the trade discounts given. e) If the payment was made on the 5th of June 2021, find the total payment.
10. A furniture company allows customers to purchase household furnishings with an in-store loan, pay with cash or a credit card, or Rent-To-Own with a lease agreement. A customer chooses furniture worth $3,225.00 including tax and chooses to Rent-To-Own. Rent to Own Furniture Warehouse ● ● No down payment is required. The monthly lease payment is $156.99 for 2 years. a. Calculate the total cost to own the furniture using the Rent-To-Own option. b. What the amount of the finance charge on this purchase? Caza O OM3:TMB
A store owner 1/8 illustration board for ₱12. If a customer buys 4 pieces of it, he or she receives another 1/8 illustration board for free. Mike bought from the store. He was able to bring home 5 whole illustration boards including the free piece. How much did Mike spend?
Why is the answer 21.3%?
LC206. Shima is a carpet retailer. She can buy carpet from a wholesaler for a list price of OMR 22 per yard. If Shima receives a series discount of 20/10, what is her net price? OMR 15.84 OMR 6.16 OMR 7.16 OMR 22.28
12
Assuming that Ms. Aysha Alshuili was working as a Marketing manager of a Saud Bahwan Automobiles LLC for 5 years. She then started her own business named THE BEST OMANI DATES. She purchased different types of Omani dates from a manufacturer and sells wholesale and retail traders across Oman. Her terms of credit are 3/10, n/60 for all customers. The business will give 5% trade discount only for wholesale customers and 2% of cash discount for immediate cash payment. Her selling price of Dates per kg is OMR 3 for all the customers. Which of the following is termed as Trade Discount? a. It is not given for any customers b. It is given for immediate payment c. It is given for retail customers only d. It is given for the customers who buys large quantities

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS