User Account

All Pages

How much is the commission

Assignment Help Accounting Basics
Reference no: EM132760192

Problem - 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

Required - How much is the commission?

Reference no: EM132760192

Questions Cloud

List the distinctive features of trompenaar model : List the distinctive features of Trompenaar's model of cultural difference.
What amount should be recognized as gain on distribution : What amount should be recognized as gain on distribution of property dividend in 2021? The entity had 400,000 authorized shares of P5 par value of which 300,000
What are the different methods a leader : What are the different methods a leader can utilize adaptive work to adjust his/her thinking.
Describe a potential ethical issue : Briefly identify and describe a potential ethical issue that may arise from Daniel's and Kelly's minimal knowledge or experience with investing
How much is the commission : The unit cost per water heater is P10,000. Schindler pays P3,000 in transporting the water heaters to Paralax. How much is the commission
Find what is the gain on sale of bonds : Cone Company acquired long term 12% bond,On December 31, 2020, Cone sold all bonds for P2,300,000 excluding accrued interest. What is the gain on sale of bonds?
How much should the share worth : Company B's share is trading at $43 per share. It has paid out a dividend of $3 per share recently and the expected dividend growth rate is 2% every year.
How can you provide assistance during risk audits : A) Why is it important to regularly monitor/ review implemented treatment/s or controls of business risk against measures of success? Give three reasons.
Prove the efficient frontier of two-security portfolio : How do Prove the efficient frontier of two-security portfolio is a straight line when the two securities are perfectly positively correlated.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd