This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A contract merchant specializing in Stationery articles sold a consignment of articles for an ... (Read 153 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
on: Jun 24, 2018
A contract merchant specializing in Stationery articles sold a consignment of articles for an office. The sales price was 22,650 with a commission rate of 16 for office articles. For this consignment, there was 650 freight that the merchant had to pay. What were the net proceeds due to the office?

Question 2

Forman and Brasso Furniture Company had total current assets of 455,00 . and total current liabilities of 295,400 . Compute the working capital ratio. (Round answer to two decimal places.)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kkenney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 24, 2018
Answer to Question 1

22,650  0.16 = 3,624; 3,624 + 650 = 4,274; 22,650 - 4,274 = 18,376

Answer to Question 2

1.54:1


EAugust

  • Member
  • Posts: 550
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Cats sold for meat alongside ducks Cats sold for meat alongside ducks
The conduction system of the heart; traces the path of the electrical impulse that stimulates the he The conduction system of the heart; traces the path of the electrical impulse that stimulates the he
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
The Masses, a leading Socialist magazine, featured drawings by artists, including John Sloan, as wel The Masses, a leading Socialist magazine, featured drawings by artists, including John Sloan, as wel
Electric and butane-powered soldering guns used to make electrical repairs. Soldering guns are sold ... Electric and butane-powered soldering guns used to make electrical repairs. Soldering guns are sold ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library