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

Author Question: A commission merchant specializing in food products sold a consignment of products for a farm. The ... (Read 194 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
on: Jun 24, 2018
A commission merchant specializing in food products sold a consignment of products for a farm. The sales price was 18,450 with a commission rate of 12 for farm products. For this consignment, there was 890 freight that the merchant had to pay. What were the net proceeds due to the farm?

Question 2

Wilson Steel Company had ending inventory of 254,300 this year, ending inventory of 156,00 . last year, and 186,00 . as cost of goods sold. Compute the inventory turnover rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jgranad15

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 24, 2018
Answer to Question 1

18,450  0.12 = 2,214; 2,214 + 890 = 3,104; 18,450 - 3,104 = 15,346

Answer to Question 2

0.91


clmills979

  • Member
  • Posts: 551
Reply 2 on: Jun 24, 2018
Gracias!

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

The catabolism of various molecules from food. The catabolism of various molecules from food.
Gross food? Or an American MASTERPIECE? Gross food? Or an American MASTERPIECE?
Natural Products Natural Products
Food security per person Food security per person
Sugar: Finding Added Sugars on the Label A food Sugar: Finding Added Sugars on the Label A food
Classical Conditioning and Food Classical Conditioning and Food
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library