Complete question :
Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for $563. Calculate Eddie's commission.
Answer:
$717.20
Explanation:
Given that :
Percentage commission earned on sale = 12%
Cost of items sold this week:
Couch = $1234
Bedroom suite = $1789
Chair = $563
Total cost of items :
($1234 + $1789 + $563) = $3586
Commission of 20% on sales :
20% of $3586
0.2 * $3586
= $717.20
Answer:
c. Industry-based, OT
Explanation:
SWOT analysis is used by businesses to identify areas of weakness and look for ways to optimise them to meet business goals.
SWOT means
S- Strength
W- Weakness
O- Opportunity
T- Threat
So the industry-based view is more interested in Opportunities and Threats using the SWOT analysis.
Answer:
d. perfect tender rule
Explanation:
Perfect tender rule -
It refers to the rule or the condition , according to which the buyer of any goods or services has the legal right to confirm that the product meet all the quality standards in all respect is referred to as perfect tender right .
The rule is give so that the buyer does not receive any defective , fa;uty or fake goods and services .
Hence , from the given scenario of the question ,
The correct option is d. perfect tender rule .
Answer:
inventory
Explanation:
inventory refers to raw materials, work-in-process, or finished goods that are maintained to support production or satisfy customer demand.
Answer:
The cash is increased by $115,000 during the month of October.
Explanation:
The computation of net effect of cash is shown below:
= Net income - increased in receivables - decrease in payable + depreciation expense
= $120,000 - $35,000 - $25,000 + $55,000
= $115,000
The increase in receivable should be deducted as the outflow of cash is there, which decrease the cash balance so we deduct it
The decrease in account payable reflect that the company has paid the amount which ultimately reduce the cash balance, hence it is deducted in the computation part
Depreciation expense is added in the cash balance because it is a non cash expense.
Thus, the amount is in positive number which reflects increase in cash
Hence, the cash is increased by $115,000 during the month of October.
