This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If Tim decides to buy 1500 wallets, from which vendor should he purchase the wallets and explain ... (Read 211 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
on: Sep 11, 2018
If Tim decides to buy 1500 wallets, from which vendor should he purchase the wallets and explain why? Calculate the unit cost and the total cost of the wallets from each vendor? (Assume the cash discount is taken)
 
  What will be an ideal response?

Question 2

Determine the sales per square foot given the following data: 3.6 million annual net sales and 9,500 square feet of selling space.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Sep 11, 2018
Answer to Question 1

Yiwu Leather Product unit price with 8 cash discount = 23.23 . This would provide a total cost of 1500 wallets x 23.23 = 34,845.00 .

Shenzhen Leather Export unit price with trade discounts of 15 and 10 = 23.38 . This would provide a total cost of 1500 wallets x 23.38 = 35,070.00 .

In this situation Yiwu Leather is offering the lower price but Tim has to agree to pay within 10 days of the invoice date. Thus, going with Yiwu Leather makes sense.

Answer to Question 2

Sales/sq. ft. = 3,600,000  9,500 sq. ft. = 378.95


joblessjake

  • Member
  • Posts: 555
Reply 2 on: Sep 11, 2018
YES! Correct, THANKS for helping me on my review

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

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?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Major Indian Cultures, AD 1–1500 Major Indian Cultures, AD 1–1500
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Video: Wound Repair Animation

For a complete list of videos, visit our video library