Furniture Rental Item Sofa (1) Office Chair (6) Conference Table (1) Value, per piece $1,400 $180 $2,000 Furniture rental costs 10% of the value of the furniture per month, and is subject to 8.25% sales tax. Calculate the total cost to rent the equipment shown in the table for 3 months.
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Calculate the total cost to rent the equipment shown In the table for 3 months.
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- Unearned Sales Revenue Curtiss Carpet Cleaning normally charges $90 to clean one room of carpeting. During the holiday season, Curtis offers a promotion to clean the customers carpet 10 times at a discounted rate if the customer pays $600 in advance. Required: Make the journal entry to record the following transactions. 1. A customers prepayment of $600 2. Curtiss cleaning of the carpet one timeMortgage Investor Group opening an office in Portland, OregonFixed monthly costs are office rent ($8,900) , depreciation on office furniture (1, 800), utilities ($2,200), special telephone lines ($1,000), a connection with an online brokerage service ($2,700) , and the salary of a financial planner ($4,400). Variable costs include payments to the financial planner (9% of revenue), advertising (11% of revenue), supplies and postage (4% of revenue) and usage fees for the telephone lines and computerized brokerage service (6% of revenue).Mortgage Investor Group opening an office in Portland, OregonFixed monthly costs are office rent ($8,900) , depreciation on office furniture (1, 800), utilities ($2,200), special telephone lines ($1,000), a connection with an online brokerage service ($2,700) , and the salary of a financial planner ($4,400). Variable costs include payments to the financial planner (9% of revenue), advertising (11% of revenue), supplies and postage (4% of revenue) and usage fees for the telephone lines and computerized brokerage service (6% of revenue). Requirement 4. Suppose that the average revenue Mortgage earns increases to $1.500 per trade. The new breakeven point trades. How does the affect the break even point? Unber new assumptions, Mortage must make ____________ trades to breakeven
- Rose Mixer Bhd. is a manufacturer of baking mixer. In January, Rose Mixer Bhd. agreesto sell baking mixers on credit to a customer, Ana Electrical Sdn Bhd. The baking mixerssold are:20 units of baking mixer Model A @ RM1,000 per unit40 units of baking mixer Model B @ RM600 per unitRose Mixer Bhd. gives a credit of 30 days to Ana Electrical Sdn. Bhd. for the debtsettlement.Required:a) Interpret are the goods sold current assets to Rose Mixer Bhd? b) Interpret are the assets sold considered items of trade receivables to Rose MixerBhd in accordance to MFRS 9 Financial Instruments?MAKE THE NECCESSARY JOURNAL ENTRIES.... BALIM Company is a merchandising company and tradindg OFFICE SUPPLİES .Company’s November 2020 trancations are as follows. 2. Company Decided to import Machinary for 200.000 DOLAR. (USD) Installation and Adjustment Cost is 85.000 TL + %10 VAT. Import Tax is 35.000 TL. 75.000 USD , Advance is paid by issueing a check. USD Rate is 5.50 TL/USD .Tat leases out apartment units along Taft Avenue in Manila. The following are the rental rates for iTaft's rooms:Die quireArea Capacity Monthly rental25 sq. m. 1 P12,00035 Sq. m. 2-3 14,00045 sq. m. 3-4 16,000lTaft leases out 35 units of its 25 square meter rooms, 30 units of its 35 square meter rooms, and 10 units of its 25 square meter rooms.The apartment building sits on a lot that has a zonal value of P2,000,00, and assessed value of P2,200,000. 1. How much is iTaft's Output VAT 2. Assuming iTaft sold the parcel of land where the apartment sits for a consideration of P1,900,000, how much is output VAT from the transaction?
- Hurd Inc. prepays rent every 3 months on March 1, June 1, September 1, and December 1. Rent for the 3 months totals $3,600. On December 31, Hurd will report Prepaid Rent of: a.$0. b.$2,400. c.$1,200. d.$3,600.LYD Corp. receives an order from a new customer, amounting $55,000. LYD Corp. uses 45-day credit terms as a standard. The Variable Cost Ratio is 75.00% of Sales, Collection Expense Ratio 15.00% of Sales and the Interest Rate is 13.00% (365 days per year). Instruction: (show your calculations and round to 2 decimal places) Should the order be accepted? Defend your answer. Please ASAPA saleslady in Fortuna mall receives a monthly salary of Ρhр 12,000.00 рlus 10 % on all sales for the month over Ρhр 25,000.00. At the end of the current month she sold Ρhр 42,856.00. What is the amount of her commission? What is her total gross рay for the month?
- Winona's furniture received an invoice dated September 27 for five bedrooms sets at $3,000 each. The invoice indicated a trade discount of 5/8/3. The seller of the furniture prepaid the freight of $200. Terms were 2/10 EOM. Assuming Winona pays on November 2, what amount will be paid? ( including the freight cost)Buyer A bought 20 pcs of product Z from Seller B with the following information: Selling price, P1,500 each. With terms 20,10,5/15/ n/30. Transport cost is P10 per unit. If the payment is made on the 20th day.1. how much will Buyer A pay the seller when the term is FOB Destination Prepaid?2. how much will Buyer A pay the seller when the term is FOB Shipping Point Prepaid?3. how much will Buyer A pay the seller when the term is FOB Destination Collect?They collect rent revenue of $20 sf/yr for WalMart ( 100,000 sf) since it is an anchor store. They charge BestBuy $25sf/yr( 70,000 sf) plus 10% of sales that exceeds $200 sf/yr. Sales in the first year of BestBuy is expected to be $160 sq/ft and growing at 6% per year. The boutique store( 30,000 sf) is charged $23 sf/yr plus 10% for sales that exceeds $100 sf/yr. Sales for the boutique store in year 1 is $105 sf/yr and is expected to grow at 4% per year. Calculate the gross potential rental revenue for these three tenants. Thank you.