On October 1, consignment. P20,000 each. P10,000. The consignor agreed to absorb the consignee's expenditure for freight and also to allow the consignee P1,000 for delivery and installation fo each set. price. consignment sales; Co shapped 25 cameras are cost of each CLARK cameras be sold to KENT Inc on list price of to the consignor is The cost of shipment paid by the consignor was P7,500. The to at The camera Commission is to be 25% of the sales On October 31, KENT Submitted the following summary of Sets receivèd Sets sold Sets (defective) Sets on hand 25 8. returned to consignor 2 10 15 P 160,000 October 2-30 Sales, 8 cameras @ P20,000 Charges: Freight-in Deliveries and Installation 5,000 8,000 expenses Commissions 53,000 P 107,000 25,000 40,000 Total Remittance Balance owed (collections from customers not yet made) 82,000 What is the inventory value of the units unsold in the hands of the consignee? 150,000 C. 154,500 D. 157,500 А. B. 153,000 What is the profit of the consignor for the units sold? 24,000 B. 26,000 C. 27,000 D. 70,000 А.
On October 1, consignment. P20,000 each. P10,000. The consignor agreed to absorb the consignee's expenditure for freight and also to allow the consignee P1,000 for delivery and installation fo each set. price. consignment sales; Co shapped 25 cameras are cost of each CLARK cameras be sold to KENT Inc on list price of to the consignor is The cost of shipment paid by the consignor was P7,500. The to at The camera Commission is to be 25% of the sales On October 31, KENT Submitted the following summary of Sets receivèd Sets sold Sets (defective) Sets on hand 25 8. returned to consignor 2 10 15 P 160,000 October 2-30 Sales, 8 cameras @ P20,000 Charges: Freight-in Deliveries and Installation 5,000 8,000 expenses Commissions 53,000 P 107,000 25,000 40,000 Total Remittance Balance owed (collections from customers not yet made) 82,000 What is the inventory value of the units unsold in the hands of the consignee? 150,000 C. 154,500 D. 157,500 А. B. 153,000 What is the profit of the consignor for the units sold? 24,000 B. 26,000 C. 27,000 D. 70,000 А.
Chapter1: Financial Statements And Business Decisions
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