During May, Jimmy spent $700 to buy 20 products and sold 4 of them for $60 each. Jimmy should record as an expense for May. A. $1,200 B. $240 C. $700 D. $140
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- 4. Bureda makes all purchases on account, subject to the following payment pattern:Paid in the month of purchase ......................... 30%Paid in the first month following purchase ............ 65%Paid in the second month following purchase ..... 5%If purchases for April, May and June were P200,000; P160,000; and P250,000,respectively, what was the firm’s budgeted payable balance on June 30? 5. Nopat Compano. Has two divisions, Nopat and Compano that reported the following results for May: Division Nopat Division CompanoSales P 90,000 P 150,000Variable expenses (% of sales) 70% 60%Segment margin 2,000 23,000If common expenses were P31,000, what must have been the total fixed costs? 6. A company’s average operating assets are P220,000 and its net operating income isP44,000. The company invested in new project, increasing average assets to P250,000 andincreasing net operating income to P49,550. What is the project’s residual income if therequired rate of return is 20%? Provide…Ester has a small store. For the current month, she purchased merchandise costing 75000 for which she paid for 7500. She sold 60% of the merchandise for 68000, after spending for various expenses totaling 13000. She also paid 2000 for the interest on a money she borrowed for her store. a. How musch was her cost of sales?b. How much gross profit did she make?c. How much operating profit did she make?% of the second set of expenses. Complete the sentence: On an annual basis the first set of expenses is Elena spends $5 per day on a coffee at the neighborhood cafe and $350 per month on food. Round to the nearest whole number as needed. OA. 6% B. 10% OC. 521% D. 43%
- Bob has saved $585 each month for the last 4 years to make a down payment on a house. The account earned aninterest rate of .44 percent per month. How much money is in Bob's account?Multiple ChoiceA. $29.833.38B. $28,080.00 C. $30,113.95D. $30,383.25E. $31,189.446. Darlene Jaworski purchases an $84.00 calculator, a gold chain for $42.50, and a book for $13.80. The sales tax rate is 5.5%. What is the sales tax? 7. Clinton Horvath purchases a $147.50 tool set and a tool box for $27.55. The sales X rate is ax on Clinton's purchases? 8 Isabel Marau cight snark nlugn otJade makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase ……………… ….. 30% Paid in the first month following the purchase ……. 60% Paid in the second month following the purchase .. 10% If purchases for January, February and March were P200,000; P180,000; and P230,000, respectively, what were the firm’s budgeted payments in March?
- Julie's Boutique has total receipts for the month of $30,660 including sales taxes. If the sales tax rate is 5%, what are Julie's sales for the month? Question 29 options: $29,200 $29,127 $32,193 It cannot be determined.Paula bought a new flotation tank for $8,000. She must pay 5% sales tax and 7% excise tax. The company is shipping the tank, so Paula must also pay a $15 insurance charge. What's the total purchase price of the tank? A. $8,560 B. $8,400 C. $8,975 D. $8,960Melissa buys 16 apples. Each apple cost $2.00 per pound and each apple weighs 1 pound. a. Find the total cost including a 10% discount and a 7% sales tax. b. How much change will Melissa receive if she pays with a $50 bill?
- Mrs. Smith is buying a new refrigerator for $1899 at Sears. There is 7.25% sales tax added to her purchase. She plans to charge this to her Sears credit card, which earns 18.9% APR. She wants to pay $225 per month to the credit card. Fill in the first 2 lines of the amortization table. Month Balance Interest Amt. Applied to Principal New Balance 1 $192.92 2 $29.04 $1647.807. Flora Henshaw purchased the following school supplies: three pens at 49¢ each, three packs of pencils at 88¢ each, two notebooks at 96¢ each, and three packs of filler paper at 79¢ each. She also purchased a calculator for $12.95. The sales tax rate is 7.5%. What is the total purchase price? 8 Wu Chen purchased four tires at $48.98 cach, two sheer 649 88Apollo Denis owns a store retail outlet.Jessica bought goods from Apollos store worth k600.Apollo allowed 20% discount to Jseeica on her total expense. How much is the discounted amount?
