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vichka [17]
3 years ago
10

On August 5, 2021, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set

was $350 each. The cost of shipping the dining sets amounted to $1,800 and was paid for by Famous Furniture. On December 30, 2021, the consignee reported the sale of 30 dining sets at $850 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expense of $600, and installation and setup costs of $780. The total profit on units sold for the consignor is
Business
2 answers:
eduard3 years ago
7 0

Answer:

$10,290

Explanation:

Famous Furniture

Sales of Dining set $850 each

Less cost of each dining set $350 each

Balance $500

Sales 30×500

=$15,000

Hence:

$15,000– (30 ×$850)(.06) – $1,800 – $600 – $780

=$15,000-$1,530-$1,800-$600-$780

=$10,290

Therefore the total profit on units sold for the consignor is $10,290

Klio2033 [76]3 years ago
3 0

Answer:

The total profit on units sold for the consignor is  $ 6790    

Explanation:

Famous Furniture

Sales   (850*30)                                                          $ 25500

Goods Sent on Consignment 40 *350= $ 14000

Shipping Cost                                          $ 1800

To Furniture Outlet,

    Advertising Expenses             600

Installation Setup                            $ 780

<u> Commission     (6% of 25,500)       1530                           18170  </u>

Profit  on Consignment                                                  $ 6790                                                                                                                  

The Profit for the consignor will be $ 6790 after bearing all the expenses incurred both by the consignor and the consignee.

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Maru [420]

Answer:

$(18,900)

Explanation:

Calculation to determine what the elimination of the West Division would result in an overall company net operating income (loss)

Using this formula

Net operating income (loss) = Net operating income of East division -Allocated common cost to West division

Let plug in the formula

Net operating income (loss)= $ 89,600 - $108,500

Net operating income (loss)= $(18,900)

Therefore the elimination of the West Division would result in an overall company net operating income (loss) of $(18,900)

5 0
3 years ago
What did arthur st. clair try to do through a series of treaties with native americans?
DaniilM [7]
George Washington sent General Arthur St. Clair to stop the fighting and restore order, but he and his forces were defeated by Miami Chief Little Turtle. I hope my answer has come to your help. God bless and have a nice day ahead! Feel free to ask more questions.
7 0
4 years ago
Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $281,656, would have a useful life of 7 ye
poizon [28]

Answer:

19%

Explanation:

Calculation for what The internal rate of return on the investment in the tractor-trailer is closest to

First step is to calculate Factor of the internal rate of return (IRR)

using this formula

Factor of the internal rate of return(IRR)= Cost ÷ Additional Net annual cash inflow

Let plug in the formula

Factor of the internal rate of return(IRR)= $281,656 ÷ $76,000

Factor of the internal rate of return(IRR)= 3.706

Now let determine The internal rate of return on the investment

Based on the above calculation since Factor of the internal rate of return(IRR) for 7 years is 3.706 which means that the internal rate of return (IRR) will be 19%.

Or

The internal rate of return on the investment can also be calculated using below Excel formula

=RATE(7,$76,000,-$281,656)

IRR=19%

The internal rate of return on the investment in the tractor-trailer is closest to 19%

4 0
3 years ago
According to epa studies, the united states generates over ____ billion tons of solid waste each year.
suter [353]
<span>10.6 billion of solid waste is what the United States is generating at this time. So if you think of the rest of the world combined it is a staggering number. It is astronomical amount to dispose of properly and safely.</span>
3 0
3 years ago
Which example defines an economic activity?
babunello [35]
<h2>Goods & services is an example of "economic activity".</h2>

Explanation:

Economic activity is basically an action pertaining to production, distribution and consumption of goods.

Any activity which involves money for which we get products are called "economic activity".

Exchange of Product / services which involves money can be considered as economic activities.

Out of box information:

In the ancient days, people get product for another product and this was going on when the currency was not invented.

The word economy was coined by "Aristotle".

8 0
3 years ago
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