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 117 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
:D TYSM

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

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

Cats sold for meat alongside ducks Cats sold for meat alongside ducks
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
Different letterhead stationery and envelopes. Different letterhead stationery and envelopes.
5. Social contract theorists believe that the social contract is/was a historical fact. ... 5. Social contract theorists believe that the social contract is/was a historical fact. ...
Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ... Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ...
Henrik, a Canadian hockey player, agreed to a contract where he was to receive S30,OOO 00 in 3 ... Henrik, a Canadian hockey player, agreed to a contract where he was to receive S30,OOO 00 in 3 ...
Video: Burn Animation

For a complete list of videos, visit our video library