Question 28Use the following information to calculate figures in the table below.Manufacturer: S 60 net selling price. Marks up (Wholesaler: $ 20, Retailer: $ 40)Applicable VAT: 30%CalculationManufacturer Wholesaler RetailerCustomer Net VAT paid by the Manufacturer is:Net cost of salesMark upNet selling priceS 60S 80$ 120VAT chargeable (309%)Gross selling priceAccounting for VATDue to Customs and ExciseRecoverable from Customs and Excisesubtract)Net VAT Paid by

Value added tax is an indirect tax levied on the sale of goods or services on the value added by the…

Use the following information to calculate figures in the table below. Manufacturer: 5 60 net selling price. Marks up (Wholesaler: $ 20, Retailer: 5 40) Applicable VAT: 30% Calculation Manufacturer Wholesaler Retaler Customer Net VAT paid by the Net cost of sales Mark up Net selling price S 60 s 80 $ 120 VAT chargeable (30%) Gross selling price Accounting for VAT Due to Customs and Excise Recoverable from Customs and Excise subtract) Net VAT Paid by

Use the following information to calculate figures in the table below. Manufacturer: 5 60 net selling price. Marks up (Wholesaler: $ 20, Retailer: 5 40) Applicable VAT: 30% Calculation Manufacturer Wholesaler Retaler Customer Net VAT paid by the Net cost of sales Mark up Net selling price S 60 s 80 $ 120 VAT chargeable (30%) Gross selling price Accounting for VAT Due to Customs and Excise Recoverable from Customs and Excise subtract) Net VAT Paid by

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter16: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 8P: Captain Whitman Ship Supplies offers terms of 3/15, net 45. If a purchaser takes the discount and...

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Captain Whitman Ship Supplies offers terms of 3/15, net 45. If a purchaser takes the discount and pays on the 10th day, what is the nominal cost of trade credit? Now suppose a purchaser actually pays on the 20th day but still takes the discount. What is the actual nominal cost of the trade credit?
J Gross Sales Sales Return & Allowances Sales Discounts Cost of Merchandise Sold 33,000 O $87,000 O $46,000 100,000 Given the above values, determine Net Sales. O $67,000 10,000 O $54,000 3,000 Need help? Review these concept resources.
Question 3:A supplier sells Hipoint-brand pens to stationary shops. The annual demand isapproximately 24,000 pens. The supplier pays SR5 for each pen and estimates that theannual holding cost is 30 percent of the pen's value. It costs approximately SR350 to placean order. The supplier currently buys 1000 pens per orderi. Determine the annual ordering and inventory cost (in SR) for current orderquantity.ii. Determine the economic order quantity (EOQ).iii. Determine the total annual cost for the EOQ
20. The list price of an air conditioner is OMR 250. If manufacturer sells this product to a retailer for list price less 15% discount, what will be the amount of account receivable to be recorded by the manufacturer? a. OMR 250 b. OMR 212.50 c. OMR 37.50 d. OMR 287.50
C Traders purchased goods for R7 500 (excluding VAT). A Traders apply a constant mark-up on cost ratio of 30% on all products. Calculate the sale price (including VAT)
GB SalesRevenue 16800 Purchases 12800 Gross Profit 4000 Selling Expenses 2000 Admin Cost 7200 Operating Loss 5200 b) Calculate mark-up (in percentage to 2 decimal places) c) Calculate the margin as a % to 1 decimal place d) What is the operating profit margin percentage if the admin cost is reduced by 60%? Show this to 1 decimal place e) Define the following and provide respective examples with numeric calculations where possible: Trade discountBulk discountEarly settlement discount f) If a company has a mark-up of 37% and sales revenue of £163,970, then what is the cost of sales in whole £’s? g) If a company has a net margin of 15%, gross margin of 35% and costs of sale of £25,000, then what is the sales revenue and overhead?
buying and sellinga. A calculator is listed at P 859.50 and has a trade discount of 33 1/3 %; a) What is the amount of trade discount? b) What is the price paid for the calculator?b. ABC Company offers to fill an order for goods at P 25,800.00 less 25% and 25 %, terms n/30. On the other hand, XYZ Corporation offers P 25,000.00 less 35%, 3%, and 2%, terms 8/10, n/30: on the same order. Assuming that Mr Cruz will pay cash, which is the better offer?c. What is the total cash discount if an invoice dated March 31 for P 15,000 with a payment terms of 3/20; 1/30; n/60 is paid in full on April 20?d. A manufacturer bills a retailer P 25,000 for a brand new refrigerator, and further extends a trade discount of 18 %. What is the trade discount and the net price?e. The list price of a brand new flat screen tv set at Emcor is P 25,000. The item costs P 22,000. After negotiation the tv set was sold at 20,000. What are the initial markup price and the maintained markup price?
Question 3: chapter 8 Using the following data, calculate the planned April purchases at cost. (Present your answer rounded to the dollar with a dollar sign and comma separator (i.e. $109,455).) Sales $220,000 BOM Stock for April $380,000 BOM Stock for May $240,000 Markup 51% Markdowns 2.3%
BUS 038 : Business Computations 14. Series discounts are a form of trade discount. (T or F)For Problems 15-19 assume that you purchase goods with a list price of $455 and a trade discount of25%. The invoice is dated October 3 with terms of 3/15, n/45.
Retailer X buys a product at $1.75 per unit and plans to sell the item for $3.29 per unit. Calculate the Margin on an (A) COST Basis or (B) RETAIL basis
Equate Inc. sells products with a cost of $25,000 during the year to customer for $55,000. It is Equate’s policy to accept returns up to 60 days after the date of purchase. Equate estimates that there is a 60% probability that returns will be 3% of sales and a 40% probability that returns will be 2.5% of sales. What is the transaction price under a) expected value method b) most likely amount method? Choices: A: $53,460 B: $53,350 A: $53,350 B: $53,460 A: $53,460 B: $54,450 A: $54,450 B: $53,460 A: $53,350 B: $53,350
A6) Finance XYZ is a retailer and sells 179,000 units per year. It purchases from a single supplier. Fixed costs per order are $868 and carrying cost is $11 per unit. How many units should XYZ purchase per order? That is, what is the Economic Order Quantity? Enter your answer rounded off to two decimal points. Margin for error: +/- 1