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 118 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
Great answer, keep it coming :)

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

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?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

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

Did you know?

Medication errors are three times higher among children and infants than with adults.

Asymmetrical localization of gene products during egg development in Drosophila Asymmetrical localization of gene products during egg development in Drosophila
Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism
Sustainable Food Systems Model Sustainable Food Systems Model
Sustainable Food Systems Are Environmentally Friendly, Economically Sound, and Socially Equitable Sustainable Food Systems Are Environmentally Friendly, Economically Sound, and Socially Equitable
Food Safety and Technology Food Safety and Technology
Who's Policing the Food Supply? Who's Policing the Food Supply?
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library