Need solution for this prblm of financial accounting Rapid Express Courier's zone-based pricing:Base rate: $25 per packageZone multipliers:Local (0-50 miles): 1.0x baseRegional (51-200 miles): 1.4× baseNational (201+ miles): 1.8× baseIf daily deliveries were 85 local, 130 regional, and 45 national packages,calculate total revenue.

Explanation of Zone-Based Pricing: Zone-based pricing is a pricing strategy where the cost of…

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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Q.2. Compute the total commission for the following commission payment plan. Graduated Commission Rates 3% on sales to $25,000 5% from $25,000 to $50,000 7% on sales above $50,000 Sales $84,000 Commission
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A store sells an item for $430 each. If this is a 64.5% markup on the selling price, find the equivalent markup percent on cost. Round to the nearest tenth of a percent. A. 181.7% B. 39.2% OC. 430% D. 110.4%
1.The wholesale cost of a desk is $490. The original markup was 67% based on selling price. Find the final sale price after the following series of price changes: a markup of 35%, a markdown of 12%, and a markdown of 35%. (Round each intermediate selling price to the nearest cent.) a.$378.38 b.$552.06 c..$1,146.60 2. The wholesale cost of a delivery van is $31,300. The original markup was 24% based on selling price. Find the final sale price after the following series of price changes: a markup of 44%, a markup of 14%, a markdown of 40%, and a markup of 13%. (Round each intermediate selling price to the nearest cent.) a.$31,377.90 b.35,291.38 d.$45,838.22 3.A hand dryer that previously sold for $33 has been reduced to $27.50. What is the markdown percent? (Round to the nearest whole percent.) A.17% B.23% C.83%
You place an order terms of 2/25, net 45. 000 units of Good X at a unit price of $47. The supplier offers a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. What is the discount being offered? (Enter your answer as a percent.) b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. If you don't take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. How many days' credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Question 28 Use the following information to calculate figures in the table below. Manufacturer: S 60 net selling price. Marks up (Wholesaler: $ 20, Retailer: $ 40) Applicable VAT: 30% Calculation Manufacturer Wholesaler Retailer Customer Net VAT paid by the Manufacturer is: Net cost of sales Mark up Net selling price S 60 S 80 $ 120 VAT chargeable (309%) Gross selling price Accounting for VAT Due to Customs and Excise Recoverable from Customs and Excise subtract) Net VAT Paid by
An item has a 29% markup based on selling price. The markup is $400. a. Find the selling price. b. Find the cost. Round to the nearest cent. a. The selling price is $ (Round to the nearest cent as needed.) b. The cost is S
A specific model of computer servers are being sold by Company A for $26,900 each, offering trade discounts of 8% and 5% and by Company B for $35,800 each, offering trade discount rates of 13% and 3%. a. Which company offers the servers for a cheaper price? A B b. What further trade discount rate must the company with the higher price provide to match the lower price? 0.00 %
Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of product and pays the supplier within 15 days of shipment. What is the total percentage discount on the sale? Cost of product: $75.00 per case Trade discount: $5.00 per case Quantity discount: 1.5% for each 500 cases Performance allowance: 5% Cash discount: 2/10, net 30
If the net operating income is $10,000, the gross margin is $40,000, and the cost of goods sold is $49,500, then the sales must be: Multiple Choice $99,500. $129,000. $89,500. $139,000.
Genral account
6. Division R supplies Division S and is credited with £20 per item in the intercompany account. Division S, however, is only charged £10 per item in its intercompany account. What is this transfer pricing system called? (a) Two-part transfer pricing system (b) Dual transfer pricing system (c) Intercompany recharge system (d) Head office clearing system

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Rapid Express Courier's zone-based pricing: Base rate: $25 per package Zone multipliers: Local (0-50 miles): 1.0x base Regional (51-200 miles): 1.4× base National (201+ miles): 1.8× base If daily deliveries were 85 local, 130 regional, and 45 national packages, calculate total revenue.