TileSquare Inc. buys floor tiles at $0.89 each from its manufacturer. If a contractor purchases 120 tiles and pays $142.80 for the tiles, how much was the markup per tile? What was the percentage markup of the overall price?
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- Shurgurado Lhines is a dealer of cleaning materials. If it pays PHP1,875 for the vacuum cleaner and sells each at PhP4,499.50... What is the percent markup based on selling price? Shurgurado Lhines decided to give a 1-year Product Replacement Policy amounting to PHP399.50. If it pays PhP75.00 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? |If 6,000 vacuum cleaners are sold in а. b. С. season and 40% are sold with the insurance policy, how many additional "markup amount," (the gross margin), was made by offering the policy? Continuing with the information from letter c, compare the total markup amount of d. Shurgurado Lhines on: Vacuum cleaners only Combination of vacuum cleaner and policy replacement offer i. ii. As Operations Manager for Shurgurado Lhines, what is your opinion on offering such replacement policy considering their effect on the "profit picture" of the е.…Glam company offers customers a pottery cereal bowl if they send in three boxtops from its products and P10. The entity estimated that 60% of the boxtops will be redeemed. During the current year, the entity sold 675,000 boxes and customers redeemed 330,000 boxtops receiving 110,000 bowls. The cost of each bowl is P25. 1a. What is the premium expense for the current year? a. 1,650,000 b. 2,025,000 c. 4,550,000 d. 6,075,000 1b. What is the liability for outstanding premiums at year-end? a. 250,000 b. 375,000 c. 625,000 d. 875,000Tate Inc. and Booth Inc. are two small manufacturing companies that are considering leasing a cutting machine together. If Tate rents the machine on its own, it will cost $26,000. If Booth rents the machine alone, it will cost $14,000. If they rent the machine together, the cost will decrease to $36,000. Q. Calculate Tate’s and Booth’s respective share of fees using the Shapley value method
- 6. A buyer purchased 1500 towels at $10 each and 1500 matching face clothes at $5 each. The buyer decided to sell the towel and face cloth as a set for $29.99. What was the markup on this purchase? dedat 825 cach OwnABC Co. sells Product X, Product Y, and Product Z to a customer for a lump sum price of P90,000. The products will be delivered at a different point in time. ABC Co. regularly sells products X, Y and Z separately at P20,000, P40,000 and P60,000, respectively. How much is the allocated transaction price of Product Z?A company is planning to manufacture rocking chairs. The fixed cost is $40,000 and the cost pre rocking chair is $80. Each rocking chair will be sold for $180. In the space below, type in the formula for the revenue function, R(x), from the sale of x rocking chairs.
- What would be the total fire insurance premium for Best Hardware if their $625,000 building belongs in structural classification B? The contents are worth $250,000 and they received an area rating of 1. Use Table 19-4. Round your answer to the nearest cent. A. What is the annual premium for the building? B. What is the annual premium for the contents?1. Splish Windows manufactures and sells custom storm windows for three-season porches. Splish also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Splish enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,300 and chooses Splish to do the installation. Splish charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Splish $1,930 (which equals the standalone selling price of the windows, which have a cost of $1,150) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Splish completes installation on October 15, 2020, and the customer pays the balance due. A) Splish estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of…1. Windsor Windows manufactures and sells custom storm windows for enclosed porches. Windsor also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be provided by other vendors. Windsor enters into the following contract on June 1, 2024, with a local homeowner. The customer purchases windows for a price of $4,700 and chooses Windsor to do the installation. Windsor charges the same price for the windows irrespective of whether it does the installation or not. The price of the installation service is estimated to have a fair value of $1,200. The customer pays Windsor $4,000 (which equals the fair value of the windows, which have a cost of $2,300) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on August 1, 2024, Windsor completes installation on September 15, 2024, and the customer pays the balance due. Prepare the journal entries for Windsor in 2024.…
- Crane Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 proof of purchase seals from Crane Frosted Flakes boxes and $1. The company estimates that 60% of the proof of purchase seals will be redeemed. In 2026, the company sold 1404000 boxes of Frosted Flakes, and customers redeemed 686400 proof of purchase seals receiving 228800 bowls. If the bowls cost Crane Company $3 each, how much liability for outstanding premiums should be recorded at the end of 2026? $104000 O $156000 $287040 O $561600Palmer Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 boxtops from Palmer Frosted Flakesboxes and P2. The company estimates that 60% of the boxtops will be redeemed. In 2020, the company sold 675,000 boxesof Frosted Flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. If the bowls cost Palmer Company P6each, how much liability for outstanding premiums should be recorded at the end of 2020?a. P540,000 c. P150,000b. P100,000 d. P276,000What would be the total fire insurance premium for Best Hardware if their $685,000 building belongs in structural classification B? The contents are worth $840,250 and they received an area rating of 4. The rates per $100 are found in Table 19-4. (Round your answer to the nearest cent.) a. $12,071.40 b. $12,180.08 c. $14,434.18 d. $14,698.10