QuestionsThe table below shows the best price available for various items from 4 uniform suppliers. The prices do not include VAT(charged at 20%).ItemA1-Uniforms (£) Best Trade (£) Clothing Tech (£)Dress Right (£)Waterproof boots59.9939.9959.9949.99Trousers9.899.989.9911.99Shirts14.9915.9916.9912.99Hi-Vis vest4.494.504.004.00Hard hats20.0025.0019.5019.99What is the cost of VAT to the nearest penny when buying one of each item from Clothing Tech?

From the table, we can see that the prices for each item from Clothing Tech are as…

Answered: Questions The table below shows the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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"Tommy’s Music orders some music books which list for $9.95. What is their cost, after a 20/10 trade discount?"
E-Max sold 40 laptops during November and their purchases are given below. Calculate the cost of goods sold by E-Max using average cost method. Purchases No of Laptops Cost/Unit November 10 13 80 November 18 25 100 November 27 30 120 a. 2940 RO b. 4600 RO c. 4200 RO d. 3780 RO
Given the information available in the table below, what is the Wholesaler's Selling Price to the Retailer? SELLING MARGIN CHANNEL MEMBER COST PRICE % Supplier/Manufacturer $179.52 $224.40 20% not Wholesaler ??? 15% available not Retailer $300.00 12% available Consumer $300.00 O $256.00 O $224.40 O $240.00 $264.00
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Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Trade Extended Quantity Unit Merchandise Unit List Discounts Total 150 Blenders $49.95 20/15/15 2$ ea. 400 ea. Toasters $37.88 20/10/10 $ 18 doz. Coffee Mills $244.30 30/9/6 $ 12 doz. Juicers $440.00 25/10/5 $ Invoice subtotal Extra 5-% volume discount on total order 24 Invoice total $
TB Problem 7-199 (Algo) Bonnie Denim Company sells blue jeans.... Bonnie Denim Company sells blue jeans. Last year, skinny jeans were fashionable, this year, relaxed-fit jeans are in style. The company has 605 units of skinny jeans with a cost of $28 per unit and a market value of $26 per unit. The inventory also includes 1,230 units of relaxed-fit jeans with a cost of $28 per unit and a market value of $30 per unit. Required: Prepare the journal entry, if any, that is required to adjust the Inventory account. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Only 1B question. Thanks!
Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Trade Extended Quantity Unit Merchandise Unit List Discounts Total 150 Blenders $39.95 20/15/15 24 ea. 400 ea. Toasters $37.88 20/10/10 2$ 18 doz. Coffee Mills $244.30 30/9/7 2$ 12 doz. Juicers $440.00 25/10/5 2$ Invoice subtotal 2$ Extra 5% volume discount on total order $ Invoice total 2$
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Note that this was everything given for this particular item. Use the information below to figure out what the Cost of Goods Sold is for the order placed for FIFO LIFO and Weighted Average Cost (Average Cost) Inventory schedule for JMC Lawncare For the month ended March 31, 2022 Dates Number of units $ per unit Total units Total cost March 1 100 4.00 March 8 50 2.50 March 15 150 5.00 March 22 125 4.50 March 29 200 7.00 Totals 625 3,237.50 25 units purchased on March 30 at $2.00 per unit
Question 14 The Cook's Paradise paid $67 for a kitchen knife set. Expenses are 15% of cost and the profit is 17% of cost. Round the answers to the nearest cent if necessary. 1) What is the regular selling price? 2) To help clear inventory, the knife set was sold at break-even during a sale. What is the break-even selling price? > Next Question

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