### Order and Discount DetailsThe housewares department placed an order for 2 dozen Ninja Bullet Juicers with a list price of $300 each, accompanied by trade discounts of 30%, 10%, and 5%. Below is the supplier’s price schedule:- **Additional Discounts Based on Order Amount:** - If a maximum order of $3,000 is placed, the buyer receives an additional 1%. - If an initial order of $4,000 is placed, the buyer receives an additional 1.5%. - If an initial order of $5,000 is placed, the buyer receives an additional 2%.- **Early Payment Discount:** - Payments made within 10 days earn an additional 2% cash discount.### Problem- **Question:** If this invoice was paid in 9 days, what amount should have been remitted to the vendor?Note: Image contains a variety of fruits and vegetables, illustrating the juicers' application. There are no graphs or diagrams.

During the course of a business, traders may provide discounts to their customers. The kinds of…

Answered: The housewares department placed an…

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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Suppose you are the buyer for the housewares department of a department store. A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls, Brand A offers a list price of $400 per dozen less a 35% trade discount. Brand B offers a similar set for a list price of $425 less a 42% trade discount. (a) Which vendor is offering the lower net price? Brand A Brand B (b) If you order 500 dozen sets of the bowls, how much money (in $) will be saved by using the lower-priced vendor?
Massa Machine Tools expects Total sales of 14,000. The price per unit is $6. The firm estimates an ordering cost of $9.96 per order, with inventory cost of $8.84 per unit. What is the optimum order size? (Round to the nearest whole number)
Shadee Corp. expects to sell 610 sun visors in May and 440 in June. Each visor sells for $22. Shadee's beginning and ending finished goods inventories for May are 85 and 45 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.50 each. Shadee wants to have 35 closures on hand on May 1, 18 closures on May 31, and 23 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,300 per month, and variable manufacturing overhead is $1.50 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. 2. Determine Shadee's budget manufacturing overhead for May and June.
1.)The suppliers sells a set of stainless steel tray's to jane's cookies shop. The list is price is Php 3,500 and Jane qualifies for a 30% trade discount. Compare the net price 2.)allen ordered 10 t-shirt for php 240 each and 5 pants for Php450 each the suppliers gives a 15% discount. How will be the total change for this ordered
A December promotion of 1,500 crystal bud vases to retail at $40 each is planned. The buyer requires a 48.5% average markup and has made an initial purchase consisting of 1,200 units costing $23 each. What is the cost to be paid on each remaining unit?
Sports Haven purchased 600 bottles of flavored water at $1.40 each. Experience has indicated that, due to expiration dates, 5% of the bottles will be sold at cost. Find the price at which the bottles of flavored water must be sold to cover a 15% markup on selling price. Round to the nearest cent.
REQUIRED- Vallie Enterprise sells a product that cost $200 per unit and has a monthly demand of 500 units. The annual holding cost per unit is calculated as 2% of the unit purchase price. It costs the business $30 to place a single order. The maximum number of units sold for any one week is 150 and minimum sales 80 units. The vendor takes anywhere from 2 to 4 weeks to deliver the merchandise after the order is placed. The EOQ model is appropriate. i) What is the cost minimizing solution for this product each year? ii)Determine the re-order level, minimum inventory level and maximum inventory level for theproduct
21. The kitchen textiles buyer placed an order for 12,000 holiday motif towels at a billed cost of $1.70 each. The shipping charges on the order amounted to $300. The buyer negotiated a cost discount of 12%. What is the cost of goods sold for this order?
Mabelline sells lipstick. The Mabelline Company offers a 6% discount on orders of at least 500 tubes, a 10% discount on orders of at least 1,000 tubes, a 12% discount on orders of at least 1,800 tubes and a 15% discount on orders at least 2,500 tubes. Bank sells an average of 40 tubes of Mabelline lipstick weekly. The normal price paid by BDO bank is P1 per tube. If it costs Bank P30 to place an order, and Bank's annual holding cost rate is 27%. Determine the optimal order policy for BDO bank.
A local manufacturer of Toys produces several toys. Among the most popular is Elsa Doll. Suppose that there are currently 100 Elsa Doll in inventory and that there are customer orders that have been committed and must be filled Suppose that a production lot size of 150 Elsa Dols. The weekly forecasts for the eight weeks are 176, 172, 50, 130, 40, 120, 132, and 135 respectively. The customer orders for wecks1,2 3 through B are the 80, 86, 25, 65,20, 51, 0, 0 respectively. Using the standard principles of Master Production Schedule (MPS) along with Awailable-To-Promise (ATP) for the Fisa Dolls, what is the Available to promise (AIP) level in week 6 Select one O a 79 Ob. None is correct Oc. 162 Od 150 Oe 39
Shadee Corp. expects to sell 620 sun visors in May and 380 in June. Each visor sells for $22 Shadee's beginning and ending finished goods inventories for May are 90 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 26 closures on hand on May 1, 18 closures on May 31, and 27 closures on June 30. Additionally. Shadee's fixed manufacturing overhead is $800 per month, and variable manufacturing overhead is $1.50 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June 2. Determine Shadee's budget manúfacturing overhead for May and June Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answeos to 2 decimal…
One of the best-selling items at Farmacias Plaza de PR is the XXYY drug. It has a quarterly demand of 12,500 units. Each drug costs $ 20, and the maintenance cost has a rate of 18%. If the cost of placing the order is $ 420 and the lead time is 12 days. However, the manufacturer has a discount program which is presented at the bottom.Discountsqty discounts% offBase price10 to 1499No discount$ 2021500 to 49994$ 19.23greater than 50008$ 18.4What is EOQ * Feasible that is most suitable for percentage quantity discounts? Present the answer like this: [EQO *, Discounted cost] Select one: to.[3561.06, 18.4] b.[3486.08, 19.2] c.[3435.65, 20.0] d.[3415.65, 19.2] and.[3486.08, 18.4]

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