Answer:
Total profit for units sold for consignor is 15240 $
Explanation:
Revenue generated from the sale is equal to 40 * 750 $ = 30000$. Since this is consignment sale, revenue belongs to consignor minus the commission and expenses of the consignee. Therefore: 30000-1500-500-680 = 27320$. As the cost of each set was 250 and 40 sets were sold, total amount is 10000 and the cost of shipping 40 sets was 2080, total profit is therefore 15240$. The cost of shipping 40 sets we can get if we divide total cost with the number of sets shipped. Then we get cost per unit and since 40 sets was sold the shipping cost of that sale was 2080$.
Answer:
how much surplus value do consumers who buy oranges from Smith receive in the market?
$300000
Explanation:
Smith earns $100000 25% seller
$300000 75% buyer
Answer:
a). Bryan does not cope very well in ambiguous situations.
b). Bryan is quite sociable and can "think on his feet."
Explanation:
In the context it is given that Mara is choosing Bryan, one of her team member for the assignment in China office to train a group of employees in Beijing office. As a procedure Bryan will have to undergo a 3 week diversity training program which will help him to learn about the new environment.
a). One of the major factor that can reduce the likelihood of Bryan's selection if Bryan does not cope very well in the ambiguous situation. Bryan should be able to handle the ambiguous situation that may arise in he training period.
b). The factor that would increase the likelihood of Bryan to get selected is that Bryan is very sociable person and get easily get mix with people around. He is also able to think and react to situation immediately.
Sales: 48,000
Sales returns and allowances: <u>( 6,000)</u>
Net Sales 42,000
Cost of Sales:
Beginning Inventory: 900
net purchases 9100
ending inventory <u> (2,300) (7,700)</u>
Gross Margin 35,000
Operating Expenses <u> (6,200)</u>
Gross profit 28,800
