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Author Question: Yuli Lu works as commission merchant who helps businesses sell their existing office equipment, ... (Read 116 times)

bio_gurl

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on: Jun 24, 2018
Yuli Lu works as commission merchant who helps businesses sell their existing office equipment, except computers. For desks, tables, chairs and filing cabinets, Yuli charges 18 of the sales price. For printers and copiers, she charges 30. She also deducts any delivery charges. For Harris Corp, she sold assorted furniture at 7,860 and two large copiers for 2,450 each. The total delivery charges were 318 . Compute the net proceeds that would be due to Harris Corp

Question 2

Thompson Laser Company had ending inventory of 163,600 this year, ending inventory of 134,00 . last year, and 262,00 . as cost of goods sold. Compute the inventory turnover rate.


softEldritch

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Reply #1 on: Jun 24, 2018
Answer to Question 1

7,860  0.18 = 1,414.80; 2  2,450 = 4,900 . 4,900  0.30 = 1,470;
7,860 + 4,900 = 12,760; 12,760 - 1,414.80 - 1,470 - 318 = 9,557.20

Answer to Question 2

1.76


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