6 marks 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 45national packages, calculate total revenue.

Answered: Rapid Express Courier's zone-based…

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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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%
Required: Calculate and explain your answer related to the transfer pricing based on the condition: a. Gondo Sentosa sales per month still 30 tons and Ageng Sentosa sales per month 150 tons. b. Gondo Sentosa sales per month still 30 tons and Ageng Sentosa sales per month 100 tons. c. Gondo Sentosa sales per month still 30 tons and Ageng Sentosa sales per month 135 tons.
Ll.138.
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%
Determine the missing amounts. Unit SellingPrice Unit VariableCosts Unit ContributionMargin Contribution MarginRatio 1. $750 $375 $ (a) % (b) 2. $450 $ (c) $153 % (d) 3. $ (e) $ (f) $760 40 %
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.)
The following relates to a single sale of goods made by Spurs in 2023: Selling price P500,000Freight costs 5,000Terms 3/15, n/30Shipping Date December 28, 2023Date goods received by the customer January 3, 2024Date payment is received by Spurs January 5, 2024 Question:9. If the term is FOB destination, how much sales should be recorded by Spurs for the year ended December 31, 2023? a. P0b. P490,000c. P495,000d. P500,000
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
1. A product is listed for wholesale at $100. It's sold to a supplier with a 20% mark-up, and then resold to a customer with an additional 50% mark-up. How much has the item been marked up from the wholesale cost?
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percen Amount of Markup Percent Markup Based on Cost Item Cost Selling price Dress S85.00 60%

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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.