1) A merchant buys 40 computers for $1500.00 each, less 35%, 10 %. The store prices the merchandise at a regular selling price to cover expenses of 15% of the regular selling price and a net profit of 20% of the regular selling price. During a clearance sale, the final 5 computers are sold at a markdown of 30%. a) What is the total regular selling price? b) What rate of markup based on cost was realized at the regular selling price? c) What is the clearance sale price of each computer? d) What is the operating profit or loss during the sale? (Also state if it is a profit or a loss.)

Charlotte sells widgets that cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying costs are 15% of inventory costs, and Charlotte incurs a cost of $25 each time an order is placed. (a) What is the EOQ? (b) What will be the total inventory costs if the EOQ amount is ordered? (c) Suppose that Charlotte's supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many widgest should Charlotte order each time an order is placed to minimize total inventory costs?

Jamestown Industries sells $48,000 in gift cards and expects 20% breakage. Cost of goods sold is 25% of each gift card. When the expected gift cards are redeemed, how much cost of goods sold will Jamestown record? O $12,000 $24,000 O $10,000 O $9,600

The Kidz Klothing store ordered a line of snowsuits at $60 each, less a trade discount of 8%. The selling price is marked up to allow for overhead expenses of 15% of the cost price, and profit of 25% of the cost price.  a) What was the regular selling price of the snowsuits? b) If the snowsuits are sold for a reduced price of $59, what is the profit or loss perpair? c) What is the rate of markdown of the snowsuits?

Computers and More offers discounts to its customers and allows the customer to return the product if not satisfied. Computers and More had sales of $850,000 and offers the customer a payment term of 3/12 n/30. The company received $15,000 in returned goods. The cost of goods sold for the period after returns was $320,000. Calculate net profit and gross profit.

A company has a contract to supply 5,000 units of an item per year to the retail store. Anestimated ordering cost is ₹ 150 every time the order is made and the insurance cost is ₹ 30.The carrying cost is 25% of the unit price. The following are the quantity discounts that thecompany offers to ensure bulk purchases by the retailer:Order size Price per unit (₹)Less than 1,000 5001,000 -2,999 4503,000-4,999 4005,000 or more 350What should be the order size as a part of best inventory policy? Give justification for yourrecommendation.

Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of product and pays the supplier within 15 days of shipment. What is the total percentage discount on the sale?   Cost of product: $75.00 per case   Trade discount: $5.00 per case   Quantity discount: 1.5% for each 500 cases   Performance allowance: 5%   Cash discount: 2/10, net 30

Appliance Store realizes a mark-up of PhP3,450 in selling TV sets. If its items are sold at a mark-up of 40% of the selling price, A. What is the regular selling price of the TV set? B. What was the cost of the TV set? C. What is the rate of mark-up based on cost for the TV set? D. If overhead expenses are at 27% of the cost, what is the break-even price of the TV set? E. If the TV set is sold at PhP7,500, how much profit or loss is incurred by Appliance Store?

Charlotte sells widgets that cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying cost are 15% of invenory costs and Charlotte incurs a cost of $25 each time an order is placed. Suppose that Charlottes' supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many WIDGETS should Charlotte order each time an order is placed  to minimize total inventory costs?

The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of 25% of the acquisition cost per year. Determine: 1.) the optimal order quantity.  2.) The order frequency.  3.) The annual holding and setup cost.  4.) The supplier of the bath towel is offering a discount of $25 off each order if orders are placed in quantities of 500. Should the department store place orders for 500 units?