1 answer

On August 15, 2020, Japan Ideas consigned 750 electronic play systems, costing $100 each, to YoYo Toys Company. The cost

Question:

6FB6616B-8F40-41E7-B20E-A03238D5164F.jpeg


Answers

Answer:

Inventory value of Unsold units:
Cost of units sent (750*100) 75000
Add: Shipping cost 1500
Total Cost of inventory 76500
Divide: Total Units sent 750
Cost per unit 102
Multiply: Units unsold (750-420) 330
Inventory value of Unsold units: 33660
Profit on Consignment:
Sales revenue of 420 units*150 63000
Less: Cost of 420 units @102 42840
Gross profit 20160
Less: Commission (63000*20%) 12600
Net Income on Consignment 7560
Cash to be remitted by consignee:
Sales revenue collected 63000
Less: Commission deducted 12600
Cash to be remitted by consignee: 50400

Anydoubt comment below keep Upvote.

.

Similar Solved Questions

1 answer
What is the net charge of the molecule with peptide sequence “AWRSME” at a pH of 7.4?
What is the net charge of the molecule with peptide sequence “AWRSME” at a pH of 7.4?...
1 answer
26. Echolalia or echopraxia are symptoms that are common features of: a. PTSD b. Autism C.Bipolar...
26. Echolalia or echopraxia are symptoms that are common features of: a. PTSD b. Autism C.Bipolar Disorder d. delusion of reference e. catatonia 27. Why don't most professionals such as firefighters, police officers, and doctors working in emergency rooms develop symptoms of PTSD7 a. because the...
1 answer
Lambda Computer Products competed for and won a contract to produce two prototype units of a...
Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The company expects "learning" to occur relative to labor and also relative to the pricing of materials, equi...
1 answer
48 through 51 p have instlantary cting The ments cae laing 164 Chapter 37 Optional Learning...
48 through 51 p have instlantary cting The ments cae laing 164 Chapter 37 Optional Learning Exercises 48. After admission to a nursing center, many pressure 51. What are 2 ways pressure ulcers can occur on the ears? ulcers develop within the first after admission. A. B. 49. How quickly can a person ...
1 answer
Find the equations of the planes that bisect the angles between the two planes P1: x+y+z=1...
Find the equations of the planes that bisect the angles between the two planes P1: x+y+z=1 P2: 2x-3y+z+1=0 7) Find the equations of the planes that bi sect the angles between the two planes Ix+y+z=1 92: 2 x - 3y + Z +-0...
1 answer
Consider the generalized integrator function (2) discussed in class, defined by its proper- ties: | dr...
Consider the generalized integrator function (2) discussed in class, defined by its proper- ties: | dr 8(x) = 1, Ve > 0, | dx 8(x) = 12+ = ſo if r* <0 11 if x* 20' dx 8(2 – c)f(x) = f(c), VER, where dc 8() is understood as a slight abuse of notation and f(x) in the last formula ...
1 answer
At the beginning of Year 1, a company has a balance of $25,200 in accounts receivable....
At the beginning of Year 1, a company has a balance of $25,200 in accounts receivable. Because the company is a privately owned company, the company has used only the direct write-off method to account for uncollectible accounts. However, at the end of Year 1, the company wishes to obtain a loan at ...
1 answer
Problem 10-38 (LO 10-1) Jose purchased a delivery van for his business through an online auction....
Problem 10-38 (LO 10-1) Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $32,000. In addition, Jose Incurred the following expenses before using the van: shipping costs of $690; paint to match the other fleet vehicles at a cost of $1,380, regi...
1 answer
How do you simplify #93/(21n) * (34n)/(51n)#?
How do you simplify #93/(21n) * (34n)/(51n)#?...
1 answer
Emphasis Name: Phy 1010-Chapter 3 Activity: Projectile Motion Requires a golf ball, a stop watch and...
Emphasis Name: Phy 1010-Chapter 3 Activity: Projectile Motion Requires a golf ball, a stop watch and a friend to help you Trow asmall ball (best a golfball) straight upward as hard as you friend can measure the time of flight of the ball using a stop watch Find the initial speed of your throw and th...
1 answer
Solve for the unknown quantity in Parts (a) through (d) that makes the equivalent value of...
Solve for the unknown quantity in Parts (a) through (d) that makes the equivalent value of cash outflows equal to the equivalent value of the cash inflow, F. a. If F- $10,500, G $600, and N- 6, then i ? b. If F-$10,500, G $600, and i-4% per period, then N-? c. If G-$900, N-12, and i= 8% per period, ...
1 answer
An 89 year old F (62", 59 kg) is admitted to the MICU for hypotension and...
An 89 year old F (62", 59 kg) is admitted to the MICU for hypotension and is started on a Levophed® (norepinephrine) drip at 4 mcg/min. The pharmacy technician has prepared a Levophed® IV drip that contains Levophed® 4 mg in NS 250 ml. . The nurse wants to know at what RATE in ml per...
1 answer
Question 9 4 pts Find the first derivative for the sales function: S(x) = 800x1.2 (a)...
Question 9 4 pts Find the first derivative for the sales function: S(x) = 800x1.2 (a) 800x0.2 (b) 800x-0.2 (c)960 (d) 960x-0.2 (e) 960x0.2 (a) (b) O (c) O (d) O (e)...
1 answer
Employing a data model permits the designer to present data visually. These models focus on representing...
Employing a data model permits the designer to present data visually. These models focus on representing the data in terms of a user’s viewpoint. Let’s say you are required to perform the diagramming process. What role does the entity-relationship (ER) diagram play in the design process?...
1 answer
In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA...
In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA Today, March 2, 2009) You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of com...
1 answer
Explain the difference between health information patient privacy and confidentiality including which construct is more important...
Explain the difference between health information patient privacy and confidentiality including which construct is more important during a disaster and why....
1 answer
The main magnet in an MRI machine is a superconducting solenoid 2.0 m long and 33...
The main magnet in an MRI machine is a superconducting solenoid 2.0 m long and 33 cm in radius. During normal operation, the current through the windings is 81 A, and the resistance of the windings is zero. The inductance of the solenoid is 89 H. (a) Calculate the turns per meter of the solenoid. (b...
1 answer
Please use the numbers provided in the problem statement. Also, if you could show all formulas/equations...
Please use the numbers provided in the problem statement. Also, if you could show all formulas/equations used that would be great! Thank you so very much! Please use the numbers provided in the problem statement. Also, if you could show all formulas used that would be great! Thank you so very much! ...