Ahmad Taher pays an American supplier QR 25,000 for a machine. Freight costs of 3% and import duties of 10% are also paid. The business pays the German manufacturer an additional 4% to have their engineer install the machine. We also have to pay 1.5% for adjustments to our factory to house the machine. We pay QR 2.5% per year in insurance premiums for the machine, QR 1800 for fuel, an additional QR 570 per year in additional electricity costs. Calculate the cost of asset.
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- You SUckaroo CC. a ho(keyequipment business, estimates that it will sell 3 400 pairs of shin pads per year from a distributor in Spain. Each pair costs R 195.00 to purchase and R18.00 in freight charges. The company borrows funds at an interest rate of 9% per annum to finance inventories. Stickaroo ccs purchasing agent has calculated that it costs R 472.00 to place an order for each pair of shin pads and that the holding cost is R 6.00 for each pair. Calculate the eoq.On 11/01/20X1, TK purchases a new truck at a price of EUR 205,000 plus VAT on Ziel. The transfer of the truck incurs costs of EUR 5,950 including VAT, which must be paid in cash. The insurance for the truck is EUR 480 per year and will be transferred from the company bank account on 01.11.20X1 for one year in advance. The usual useful life is 7 years. The total performance of the truck is estimated at 250,000 km. Which of the following statements regarding business transactions in 20X1 is/are correct? O With use-based depreciation and a use of 11,000 km in the year 20X1, the residual book value on 12/31/20X1 is EUR 194,600. O With straight-line depreciation, the residual book value on 12/31/20X1 is EUR 205,000. O With arithmetic degressive depreciation, the residual book value on December 31, 2020X1 is EUR 201,250. O With geometric degressive depreciation and a geometric depreciation rate of 25%, the residual book value on December 31, 2020X1 is EUR 205,000.Jupiter Engine Company has recently negotiated contracts to sell 1 of its X-model engines to a customer in England and 1 of its Z-model engines to a customer in Germany. Jupiter will be paid in 3 months in the currency of its customers. The engine selling prices are: X-model 200,000 British pounds Z-model 265,500 Euros Jupiter’s costs to produce each engine in US dollars: X-model $225,000 Z-model $270,000 Today’s exchange rates: GBpound/US$ 1.20 US$ /Euro 0.90 Calculate Jupiter’s profits from each engine sale, based on today’s exchange rates. (Profit = Price in US dollars - costs in US dollars) Jupiter will not actually be paid for 3 months. If they choose not to hedge themselves against currency fluctuations by locking in today’s rate, they will either make less or more profit based on changes in the exchange rate. Would they prefer to see the US dollar get STRONGER or WEAKER during this period?…
- b) Konga sells processing machines to the food industry. Each can be bought alone for K270,000 or as a package with a two-year service agreement included with in the price of K300,000. After the two-year period, annual service agreements may be purchased at a standard cost of K30,000. Half-way through the current year ended 31 December 2015, Konga sold 40 machines with a service package in a single order to a Russian farm co- operative. How should the related revenue he recorded in Konga's financial statements for the year?Westinghouse Company, a producer of washing machines, sells various customers. It has a contract to deliver 10 fully automatic washing machines to Soft and Wash Company for a total price of P400,000. The contract contains a clause for free repairs and maintenance services for a period of two years from date of purchase. Soft & Wash paid 50% of the price and half after 3 months. 1. How much sales revenue vill be recognized by Westinghouse on this sale? P400,000 b. P100,000 а. C. P200,000 d. No revenueShurgurado Lhines is a dealer of cleaning materials. If it pays PhP1,875 for the vacuum cleaner and sells each at PhP4,499.50. a What is the percent markup based on selling price? b. Shurgurado Lhines decided to give a 1-year Product Replacement Policy amounting to PhP399.50. If it pays PHP75.00 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup amount," (the gross margin), was made by offering the policy? Continuing with the information from letter c, compare the total markup amount of Shurgurado Lhines on: i. C. d. Vacuum cleaners only Combination of vacuum cleaner and policy replacement offer e. As Operations Manager for Shurgurado Lhines, what is your opinion on offering such replacement policy considering their effect on the "profit picture" of the…
- 17. Jolo Corporation wants to revise the sales commission payment scheme. Currently, the 4 sales person receive a monthly salary of P5,000 each and a P5 for every unit sold. The new payment scheme will require the company to pay each sales person a monthly salary of P10,000 and an additional P3 for every unit sold. What is the number of units sold wherein the company will be indifferent between the two payment scheme? OA. 10,000 units OB. 8,571 units O C. 2,500 units OD. None of the aboveB. Kopi Nguyen Bhd, resident company of Malaysia and is currently runs a franchise business with Vietnamese Coffee Plt. Due to greater demand of the coffee among Malaysian, the business is expanding and the following transactions are incurred during the basis year 2020: RM i Payment to Vietnamese Coffee Plt for the following: Cost of special coffee machines Installation costs for special coffee machines Supervision costs for the operation of the machines for two weeks 250,000 70,000 5,000 Royalty payment to Robert, non-resident for the design of the new outlet of Kopi Nguyen in Kuala Lumpur Payment of interest on the loan to finance the new outlet with CIMB Bank Bhd, a licensed bank in Malaysia iv. 11. 65,000 111. 12,000 Payment to Hyun Bin, a Korean artist during the launching of 100,000 the new outlet. Hyun Bin is an ambassador of the product. Rental of special espresso machine from La Coffee, an Italian V. 80,000 company. Required: Determine whether the withholding provision are…4. FANIS trades used cars. He bought from the BMW dealership in Germany 50 cars XI 1800cc for 1.750.000€, in total. The cost of transporting the cars from Germany to customs was 25000€. For the customs clearance of the cars, including the customs broker's fee, the amount of € 250,000 was paid to customs. BMW, based on an agreement, made a 5% discount due to quantity but also issued an invoice of € 50,000 for late payment. Five cars were sold for €42000 every 15 days after the balance sheet expired. FANIS gave a €1000 commission to a local dealer to mediate the sale of the cars through his clientele. It is requested that is the cost of ownership and what is the net realizable value of the inventory. What is the final price of its valuation?
- Shurgurado Lhines is a dealer of cleaning materials. If it pays PHP1,875 for the vacuum cleaner and sells each at PhP4,499.50... What is the percent markup based on selling price? Shurgurado Lhines decided to give a 1-year Product Replacement Policy amounting to PHP399.50. If it pays PhP75.00 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? |If 6,000 vacuum cleaners are sold in а. b. С. season and 40% are sold with the insurance policy, how many additional "markup amount," (the gross margin), was made by offering the policy? Continuing with the information from letter c, compare the total markup amount of d. Shurgurado Lhines on: Vacuum cleaners only Combination of vacuum cleaner and policy replacement offer i. ii. As Operations Manager for Shurgurado Lhines, what is your opinion on offering such replacement policy considering their effect on the "profit picture" of the е.…Icicle Inc. buys and sells photocopy equipment that are used in businesses across Ontario. The company follow IFS. Unit selling prices range from $10,000 to $100,000. O • Icicle Inc. sells a printing machine to Frosty Inc. on June 14th, 2020. The selling price for the machine is usually $120,000. Icicle Inc. will also install the machine. The estimated fair value of installing the photocopy system is $5,000. Icicle Inc. sold the machine and installation to Frosty Inc. for $122,000. The machine cost Icicle Inc. $58,000. Frosty Inc. is obligated to pay Icicle Inc. $50,000 upon delivery of the machine and the balance on August 15th. O O O O Icicle Inc. delivers the machine on July 1st, 2020, and completes the installation of the machine on July 15th, 2020. On August 15 Frosty Inc. informs Icicle Inc. that they will be not be able to pay their account that is due. The two parties enter into an agreement that the account will be converted into a non-interest bearing promissory note to be…Zitchdog is a manufacturer of invisible fence dog collars. The company is considering two options to compensate its traveling sales personnel: Option 1: sales personnel are paid $6 per collar plus 25% of the revenue generated by the collars they sell per month Option 2: sales personnel are paid a flat $2,000 per month The collars are sold for $40 each. At what level of sales would the company choose Option 2? ○ A. 84 B. 124 OC. 126 O O D. 125 ○ E. There is not enough information