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Question - Sandra's Store purchased merchandise from a manufacturer with an invoice price of P11,000 and credit terms of 3/10, n/60, and paid within the discount period. Assume that the buyer borrowed enough cash to pay the balance on the last day of the discount period at an annual interest rate of 8% and paid it back on the last day of the credit period. Calculate how much the buyer saved by following this strategy. (Use a 365-day year.)
Seventy percent of the shop's sales are medium quality bikes. Compute the unit contribution margin for each product type
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Income from dealing in securities and derivatives held for trading 600,000 and Interest income on deposits 700,000. What is the total income before tax
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