You piace an order for 400 units of inventory at a unit price of P125. The supplier offersterms of 1/10, net 30.1. f you take the full period, how much should you remit?2. If you do take the discount, how much should you remit?The Luffy store begins each week with 300 bracelets in stock. This stock is depleted eachweek and reordered. If the carrying cost per bracelet is P41 per year and the fixed ordercost is P95.3. What is the total carrying cost?

Credit terms are 1/10, net 30 which means if the payment has been remitted within 10 days, then 1%…

You place an order for 400 units of inventory at a unit price of P125. The supplier offers terms of 1/10, net 30. 1. f you take the full period, how much should you remit? 2. If you do take the discount, how much should you remit?

You place an order for 400 units of inventory at a unit price of P125. The supplier offers terms of 1/10, net 30. 1. f you take the full period, how much should you remit? 2. If you do take the discount, how much should you remit?

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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You piace an order for 400 units of inventory at a unit price of P125. The supplier offers
terms of 1/10, net 30.
1. f you take the full period, how much should you remit?
2. If you do take the discount, how much should you remit?
The Luffy store begins each week with 300 bracelets in stock. This stock is depleted each
week and reordered. If the carrying cost per bracelet is P41 per year and the fixed order
cost is P95.
3. What is the total carrying cost?

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