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 89 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
Thanks for the timely response, appreciate it

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Rabbit meat sold commercially Rabbit meat sold commercially
An electrocardiogram (EKG) wave, a record of the electrical signal as it moves through the conductio An electrocardiogram (EKG) wave, a record of the electrical signal as it moves through the conductio
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
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 ...
Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ... Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ...
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library