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Edison Inc. consigned ten dozen of bikes with cost of P15,000 per bike to Paul Cycling Works. Edison Inc. incurred freight costs of P450 per
Edison Inc. consigned ten dozen of bikes with cost of P15,000 per bike to Paul Cycling Works. Edison Inc. incurred freight costs of P450 per dozen. A month later, Paul Cycling Works reported seven dozen at P30,000 per bike and expenses of P45,000. Paul Cycling Works remitted the proceeds to Edison Inc. net of the agreed 15% commission on sales. How much is the total cash remitted to Edison Inc.? Question 39Answer P2,142,000 P2,100,000 P2,137,500 P2,097,000
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