Question
Patricia Wellington is a commission merchant. She charges different commission rates to sell different types of merchandise. During May, she completed the following consignment sales
Patricia Wellington is a commission merchant. She charges different commission rates to sell different types of merchandise. During May, she completed the following consignment sales for consignors. Find Patricias commission on each sale and the net proceeds sent to each consignor.
| Gross Sales | Commission Rate | Commission | Local Delivery | Storage | Air Freight | Net Proceeds | |
| $ 38,400 | 3% |
| $ 68 | $ - | $ 183 |
| |
| $ 2,460 | 5% |
| $ 72 | $ 75 | $ - |
| |
| $ 8,400 | 6% |
| $ 284 | $ - | $ - |
| |
| $ 14,625 | 4% |
| $ - | $ - | $ 137 |
| |
| $ 14,100 | 7% |
| $ 75 | $ 85 | $ 112 |
|
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Research Methods In Accounting
Authors: Malcolm Smith
5th Edition
1526490676, 978-1526490674
