Answered: A motorcycle shop pays its wholesaler…

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?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4MC: A car dealership sells a car to a customer for $35,000. The customer makes a 10% down payment, and...

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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?
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A clothing merchant purchases a shipment of clothes for $37,000.00 with discounts of 11% and 5%. He sells it to a customer at a price which includes 21% profit on cost and overhead expenses of 23% on cost. a. How much did it cost him to purchase the container of clothes? $0.00 Round to the nearest cent b. What was the selling price of the container of clothes? 50.00 Round to the nearest cent c. Calculate the break-even selling price. 50.00 Round to the naarast cant
A retailer purchased an item from the wholesaler for OMR 1000. If the retailer sells the same item for OMR 1500. The tax rate is 10%. How much tax the customer will pay? a. OMR 250 b. OMR 50 O c. OMR 100 O d. OMR 150
Could you please answer the quesion below and show solution. THanks!
Tech.doo purchases headphones for $16 but adds an additional 350% of that amount to the price tag. How much do customers pay?
Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9500 with trade discounts of 25/14/6. What is the net price factor? What is the single equivalent discount? What is the amount (in dollars) of the trade discount? What is the net price (in dollars) of the order?
When you use a credit card, the credit card company charges a fee to the merchant, which ranges from 3% to 5%, on your purchase. Suppose you bought a high-definition TV for $310 and asked if the seller would give you a discount for paying cash. What might be a reasonable discount? A reasonable discount would be in the range of $__ to $__
1. What is the mark- on of a 50 kg sack of rice cost Php 1,900 when sold at Php 2,250? Solution:
An office supply store adds a $2.50 markup to calculators and sells them for $6.95. (a) What is the cost (in $) of the calculators? $ (b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.) %
Please answer this correctly. Thank you!
5 6 7 Beginning cash balance 8 Collections: 9 10 Cash collected from customers Total cash available 11 12 Less Disbursements: 13 14 15 16 17 18 19 20 21 22 23 24 Financing: 25 Borrowing 26 Amount to Borrow to pay interest on loan 27 Total Borrowings 28 35 Repayment of principal (outflows) 36 37 Interests (outflows) 38 Net Financing (interest and principal) 39 Plus: Minimum cash balance 40 41 Ending Cash Balance 42 43 Short-Term Borrowing Balance 44 Information 45 Minimum Cash Balance 46 Borrowings and Repayment of Principal in Multiples of 47 Interest Rate Monthly Rate 48 49 En Cash paid out for inventory purchases. Cash paid for S & A expenses Cash paid for equipment purchases Cash paid for dividends Total disbursements Minimum cash balance Total Cash Needs Y Excess (deficiency) of cash available over needs ? ? ? ? ? ? October $42,000 150,500 $192,500 151,758 84,600 10,000 0 $246,358 10,000 $256,358 ($63,858) $64,000 0 $64,000 $10,000 1,000 12% 0.01