Answer:
Inventory in consignee: $ 22,005
Consignor profit: $ 6,810.6
Explanation:
We must remember that the goods cost is the sum of all it was needed to get the inventory ready for sell:
consigned goods: 88 x 490 = 43,120
shipping cost 890
Total Cost for Spencer 44,010
44,010 /88 freezers x 44 freezers at hand: 22,005
profit on the consignor:
sales revenue 44 x 710 = 31,240
commission 6% (1,874.4)
cost of good sold
44,010 / 88 x 44 freezers sold: (22,005)
advertising (240)
installation cost (310)
Profit 6,810.6
Answer: $192,200
Explanation:
Based on the information that have been provided in the question, the segment margin for the domestic division will be calculated as:
Segment Margin = Segment Sales Revenue - Segment Variable Expenses - The Traceable Fixed Cost
= $640,000 - $371,300 - $76,500
= $192,200
Answer:
<em>Collections for September is $ 57,100</em>
Explanation:
Computation of cash receipts for September
Collections from cash sales of September $ 5,000
Collections from credit sales of August - 57 % of $ 50,000 $ 28,500
Collections from credit sales of September 40 % of $ 59,001 <u>$ 23,600 </u>
Total collections for September $ 57,100
