Levin Furniture buys a living room set with a $5,800 list price and a 50% trade discount. Freight (FOB shipping point) of $45 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 3/10, n/30, ROG? The nvoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25. Delivered price $ 1495
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- Levin Furniture buys a living room set with a $5,300 list price and a 50% trade discount. Freight (FOB shipping point) of $45 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 2/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25.Levin Furniture buys a living room set with a $5,000 list price and a 50% trade discount. Freight (FOB shipping point) of $45 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 5/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25. Delivered price %24 < Prev 6 of 10 Next hpLevin Furniture buys a living room set with a $5,000 list price and a 50% trade discount. Freight (FOB shipping point) of $45 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 5/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25. Delivered price
- Levin Furniture buys a living room set with a $4,200 list price and a 40% trade discount. Freight (FOB shipping point) of $35 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 5/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25. Delivered PriceQ1. Murray furniture store sells couches as a retailer. The wholesale cost to them of their most popular model of couch varies depending on how many they purchase for sale. For the first 200 couches the cost is $299 each; for the next 200 couches it drops to $250 each; and for every couch after that it costs $225. Create an excel function using the IF function to show the gross profit under the following scenarios: a. b. It sells at a price of $650 and 350 units are purchased for sale and sold It sells at a price of $625 and 300 units are purchased for sale and sold It sells at a price are $700 and 1,000 units are purchased for sale and sold C.Use the following information to calculate Goods Available for Sale (GAFS) and Cost of Goods Sold (COGS). You will not need all of the information: Purchases $100 Purchase discounts $2 Beginning Inventory $10 Purchase returns $3 Sales Discounts $8 Accounts Receivable $25 Purchase Freight (on purchases, buyer responsible) $15 Delivery Expense (on sales to customers, seller responsible) $10 Sales $200 Accounts Payable $35 GAFS is $ Now..Assume ending inventory is $50. Use all the information provided to determine Cost of goods sold (COGS) COGS is $
- A household appliance dealer buys refrigerators from a manufacturer and resells them to its customers. a.The manufacturer sets a list or catalogue price of $2,500 for a refrigerator. The manufacturer offers its dealers a 30 percent trade discount. b.The manufacturer sells the machine under terms of FOB destination. The cost of shipping is $240. c.The manufacturer offers a sales discount of 2/10, n/30. Sales discounts do not apply to shipping costs. What is the net cost of the refrigerator to the dealer, assuming it is paid for within 10 days of purchase?As shown below, a shop purchases and sells a certain type of product. Purchasing price : $10 per unit Selling price : $15 per unit Fixed cost : $1,000 How many units are sold at a “break even” point, where there is neither a profit nor a loss?Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. Home Hardware paid $78 for a particular type of drill. Expenses are 14% of selling price and the required profit is 19% of selling price. Round ALL answers to the nearest cent if applicable.1) What is the regular selling price?$2) What is the break-even selling price?$3) During an inventory sale, the drill was marked down 23% on the regular selling price. What is the sale price?$4) What is the operating profit or loss during the inventory sale (use a negative sign (-) for a loss)?$
- Direction: Complete the Table. Compute what is asked for. Give the exact amount. Use PESO SIGN. NO DECIMAL PLACES. ROUND-OFF Nearest peso. If your answer is NONE OR ZERO, PUT a 0 on the space. Name of Buyer Cost of Merchandise Trade Discount Cash Discount Date of Purchase Date Paid Returns made after 5 days purchase FOB Freight Charges Freight charges paid by Name of Buyer Trade discount, if any Invoice Price (before any reams) Purchase discount to be recorded upon payment Amount of Cash (payment) to be credited Company Aster 320,000 12% 1/10, n/eom 15-March-10 21-March-10 21,000 Shipping point 4,100 Buyer Company Aster A B C D Company Bougainvillea 65,000 5%,3%,2% 2/eom.n/45 15-Mar-10 25-Mar-10 3,100.00 Shipping point 1,200.00 Buyer Company Bougainvillea E F G T H Company Calabachi 105,000 1/15,2/10, n/eom 15-Mar-10 27-Mar-10 Destination 2,500.00 Seller Company Calabachi I J K L Company Daisy 25,300 P500 discount for every P5,000 purchased 15-Mar-10 16-Mar-10 Destination 1,100 Seller…1. Norfolk Sporting Goods purchases merchandise with a catalog list price of $30,000. The retailer receives a 30% trade discount and credit terms of 2/10, n/30. What amount should Norfolk debit to the Inventory account? A. $29,400 B. $20,580 C. $21,000 D. $30,000 2. Who is responsible for the freight cost when the terms are FOB destination? A. the seller B. the buyer C. either the buyer or the seller D. the ultimate customer 3. Which of the following methods is appropriate for a business whose inventory consists of a relatively small number of unique, high-cost items? A. specific identification B. LIFO C. average D. FIFOScenario: You sold $30,000 worth of finished goods and $1,000 worth of trading goods to a customer for $55,000 and $2,000, respectively. . Prepare the t-accounts to illustrate the impact of shipping . Prepare the t-accounts to illustrate the impact of billing . Prepare the t-accounts to illustrate the impact