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 92 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 :)

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

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 ...
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 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 ...
Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ... Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ...
Video: Stimulus (introduction)

For a complete list of videos, visit our video library