Schindler Co. consigns 20 water heaters to Paralax Co. on January 1, 20x1. The unit cost per water heater is P10,000. Schindler pays P3,000 in transporting the water heaters to Paralax. At month-end, Paralax remits P232,000 for the sale of 16 water heaters, after deduction for the following: 20% commission based on selling price Freight out Installation costs P16,000 P 8,000 How much is the commission?

Schindler Co. consigns 20 water heaters to Paralax Co. on January 1, 20x1. The unit cost per water heater is P10,000. Schindler pays P3,000 in transporting the water heaters to Paralax. At month-end, Paralax remits P232,000 for the sale of 16 water heaters, after deduction for the following: 20% commission based on selling price Freight out Installation costs P16,000 P 8,000 How much is the commission?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 63P

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