FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

WHAT IS THE AMOUNT OF COMMISSION? Schindler Co. consigns 20 water heaters to Paralax Co. on January 1, 20x1. The unit cost per water heater

WHAT IS THE AMOUNT OF COMMISSION?

image text in transcribed
Schindler Co. consigns 20 water heaters to Paralax Co. on January 1, 20x1. The unit cost per water heater is P10,000. Schindler pays P3,000 in transporting the water heaters to Paralax. At month-end, Paralax remits P232,000 for the sale of 16 water heaters, after deduction for the following: 20% commission based on selling price Freight out P16,000 Installation costs P 8,000 How much is the commission

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practicing Financial Planning

Practicing Financial Planning

Authors: Sid Mittra, Anandi P Sahu, Brian Fischer

12th Edition

9386042851, 9789386042859

More Books

Students also viewed these Accounting questions

Question

★★★★★
Exhibit 5.22 presents selected financial data for Tribune Company and Washington Post for fiscal 2006 and 2007. The Washington Post Company is an education and media company. It owns, among others,...

Answered: 1 week ago

Question

★★★★★
Douglas Company borrows $80,000 on July 1 from the bank by signing a $80,000, 10%, one-year note payable. (a) Prepare the journal entry to record the proceeds of the note. (b) Prepare the journal...

Answered: 1 week ago

Question

★★★★★
6.63 a. Find the probability that z is greater than -0.75. b. Find the probability that z is less than 1.35.

Answered: 1 week ago

Question

★★★★★
Lieutenant Commander Data is planning to make his monthly (every 30 days) trek to Gamma Hydra City to pick up a supply of isolinear chips. The trip will take Data about two days. Before he leaves, he...

Answered: 1 week ago

Question

★★★★★
Instructions: You are required to explore and compare two different accounting methods used in the oil and gas industry: Successful Effort (SE) and Full Cost (FC) accounting. Examine the key...

Answered: 1 week ago

Question

★★★★★
Thom owes $7,200 on his credit card. The credit card carries an APR of 18.4 percent compounded monthly. If Thom makes monthly payments of $225 per month, how long will it take for him to pay off the...

Answered: 1 week ago

Question

★★★★★
Define each of the five (5) elements in the digital ecosystem / architecture (platform, owner, providers, producers, consumers) 2) Apply the Digital, Automation & Autonomy, Smart (DAS) created by...

Answered: 1 week ago

Question

★★★★★
In 2011, NASA's space shuttle program in Florida came to an end and there was a span of time before the next space program started. Which of these most likely happened during the gap after the space...

Answered: 1 week ago

Question

★★★★★
Develop a staff schedule between the hours of 9 a.m. and 8 p.m. for week 8, which had 587 visits (see the worksheet Hudson Jeweler Demand Case Data in MindTap). Assume the maximum service rate is ten...

Answered: 1 week ago

Question

★★★★★
You migrate the Sales department in France to Teams Phone. Users in the Sales department report that when they dial a local French phone number from their Teams client, the United States country code...

Answered: 1 week ago

Question

★★★★★
Kris will receive $800 a month for the next five years from an insurance settlement. The interest rate is 4%, compounded monthly, for the first two years and 5%, compounded monthly, for the final...

Answered: 1 week ago

Question

★★★★★
1. Start with a leader that you want to model. a. What is the stated purpose of this person? b. What is the vision of this person? c. How does he seek to achieve his purpose and vision? d. What does...

Answered: 1 week ago

Question

★★★★★
2. Now change the performance so that you play out the dream in your inner the-atre. Apply colours to the images you envision. Give some pictures a stronger colour than others and vice versa. Also...

Answered: 1 week ago

Question

★★★★★
1. Imagine that you have already achieved a dream or a goal you have set for yourself. Both the goal and the dream correspond to your basic values. Try to visualize this dream or goal. What do you...

Answered: 1 week ago

Previous Question Next Question