Question
These questions are related to Chapters- Trade Discounts, Series of Discounts and Equivalent Discounts, Exchange Rates, Buying and Selling Currencies, Currency Appreciation and Depreciation 1-
These questions are related to Chapters- Trade Discounts, Series of Discounts and Equivalent Discounts, Exchange Rates, Buying and Selling Currencies, Currency Appreciation and Depreciation 1- Shamrock Company received an invoice of $16,200 dated February 26, 2015 with payment terms 6/10, 2/15, n/30.
a. Calculate the amount required to settle the invoice on March 8, 2015.
Round to the nearest cent
b. Calculate the amount required to settle the invoice on March 13, 2015.
Round to the nearest cent
2- A manufacturer of ovens sells them for $1,340 each. The variable costs are $940 per unit. The manufacturer's factory has annual fixed costs of $1,730,000.
a. Given the expected sales volume of 3,900 units for this year, what will be this year's net income?
Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent
b. How many units must the manufacturer produce to break even if the fixed costs increased by 15.00%?
Round up to the next whole number
3- Digital Displays Inc. makes computer monitors and sells them for $325 each. To break even, it needs to sell 550 monitors per month. If the fixed costs are $8,700 per month, what is the variable costs per monitor?
Round to the nearest cent
4- CompuFit Outlet buys portable hard-disks for $540 each and has a rate of markup of 52% of the selling price. During a sale, it offers a markdown of 70%.
a. Calculate the regular selling price.
Round to the nearest cent
b. Calculate the reduced selling price.
Round to the nearest cent
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