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ABC Company delivered 150 portable gas stoves to DEF Company on consignment. These stoves cost P2,700 each and could be sold for P4,500. The consignee is to be allowed a commission of 15% of the selling price. The agreement for the consignment contract stated that ABC Company would draw a sight draft on the consignee for 60% of the cost of the stoves and the advance shall be recovered periodically by monthly deductions (in proportion to units sold) from the remittances which accompany the account sales. All expenses of the consignee are to be deducted monthly as incurred. The consignee ordered an Account Sales at the end of the first month showing among others, the following information: Advertising P6,750; Delivery Expense P3,375 and Commission P10,135.
Problem 1: How much is the amount remitted by DEF to ABC for the first month?
Allocate the joint costs to Betalite and Alphalite under the subsequent methods: a. Sales value at splitoff b. Physical measure (pounds) c. Net realizable value
How many shares of common stock are outstanding? Data is available for Blossom Company at December 31, 2020, Treasury stock (at cost $15 per share) $975
Wren is a consultant who is going from Philadelphia to Washington for a three-day seminar. She is undecided whether to drive to Washington or take the train. She has listed the following costs relative to her trip: should Wren take the train to Washi..
Compute the ROI for the division without the investment. Compute the ROI for the division with the new investment. Do you think the division manager will approve the investment?
What are the different tools that an analyst uses to adapt for the analysis? Explain the tools with proper formulas. Two popular methods of financial statement
Star Corporation, The company last paid a dividend on December 31, 2017. How much of the dividend will be paid to each type of shareholder?
You are evaluating a potential investment in equipment. What is the value of the after-tax cash flow associated with the sale of the equipment?
If the same total calculated above was to be saved, but no interest earned whatsoever, how much would be available to live on each quarter?
What amount should Balt report in its December 31, 2010 balance sheet as investment in Ace?
The company has a policy of having an inventory of units on hand. How many units should be produced in January, 2022 in order for the company to meet its goals?
What the write-off of Kate account is journalized as? On February 28, MAZ Co. had Net sales of $3,000,000. Credit sales for February amounted 30% of Net sales.
The best way to reduce operating leverage is to
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