JYP Store purchases shirts printed with GOT7 name and logo from a vendor. The vendor sells the shirts to the store for RM40 each. The cost to the store for placing an order is RM110, and the annual carrying cost is 20% of the cost of the shirt. Jackson, the store manager, estimates that 1,600 shirts will be sold during the year. The vendor has offered the store the following volume discount in Table 3. Table 3: Discount schedule [Jadual 3: Jadual diskaun] ORDER SIZE 1- 299 300 – 500 501 and more DISCOUNT 0% 2% 4% (i) Calculate optimal order quantity based on the quantity discount information. [Hitungkan kuantiti pesanan optimal berdasarkan maklumat jadual diskaun ] Calculate total annual inventory cost. [Hitungkan kos inventori tahunan total.) (ii) (iii) Determine the best order size of shirts. [Tentukan satz tempahan baju yang terbatk.]

Walter's widgets received a bill for merchandise with a net price of $7,170.26. Walter is offered a 2% cash discount if he pays within 10 days of the invoic date. he doesn't have enought to pay the full amount, so he makes a partial payment of $4,000 on day 9.  Find the amount credited for the partial payment and find the outstanding balance. Amount credited: ________? Outstanding balance:________?

Botanic Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales returns extend 60 days. On February 10, 2018, a customer purchases $4,000 of products (cost $2,000). Assuming that based on prior experience, estimated returns are 20%. The journal entry to record the expected sales return and cost of goods sold includes a: a. debit to cash and a credit to sales revenue of $4,000 b. debit to sales revenue and allowances of $800 and a credit to cost of goods sold of $400 c. debit to cost of goods sold and credit to inventory of $2,000 d. credit to estimated inventory returns of $400

The Deluxe Register Company sells 1,000 register books annually at a price of $35 each. If the company's pricing policies adhere to a 40% markup of selling price, the cost of each register book is A:21

Betsy's Gift Baskets sells gift baskets, on average, for $125; each gift basket costs, on average, $60. Betsy pays salaries each month of $1,300 and her store rent is $1,000 per month. She also pays sales commissions of 5% of the sales price. In May, 140 gift baskets were sold. Required: a. Prepare a traditional income statement for the month of May. b. Prepare a contributio

The following information relates to BETTER BOOKS LIMITED, a publishing company. The selling price of a book is K15, 000 and sales are made on credit through a book club and invoiced on the last day of the month. Variable costs of production per book are Materials         (K5, 000), Labour             (K4,000), and Overhead        (K2,000). The sales manager has forecast the following volumes                        Nov.     Dec.    Jan.      Feb.      Mar.     April      May     June      July        Aug. No of books  1,000 1,000    1,000    1, 250    1,500    2,000    1,900    2, 200    2, 200   2,300 Customers are expected to pay as follows: □ One month after the sale 40% □ Two months after the sale 60% The company produces the books two months before they are sold and the creditors for materials are paid two months after production. Variable overheads are paid in the month following production and are expected to increase by 25% in April, 75% of wages are paid in the month of…

I need assistance with this please The BEV Toy Shop purchased 50 wagons at $45 per wagon less a 40% trade discount on May 8. The invoice had terms of 3/10, 2/20, N/30. On May 18, the shop sent a check for an amount that gave it a credit for ½ the balance due. On May 31, the remaining balance was paid. The shop expects a profit of 30% of cost and 15% of cost for operating expenses. From May until the end of September, the shop sold 40 wagons at its regular markup. From September through December, the remaining wagons were sold with a 35% markdown price. It is your task to determine the following, remembering to show and label all calculations:   The total cost and individual cost to the nearest cent per wagon after all discounts. The amount saved by making the two payments. The breakeven point to the nearest cent for all wagons.

A merchant sells a product on credit for S/ 50,000 and offers to pay it to a client in three bills of equal nominal value and with maturities at 45, 75 and 105 days respectively, applying on them an APR of 30% with bimonthly capitalization. If this merchant plans to discount the bills in a bank 15 days after the sale is made, being the effective discount rate 2% per month, find: 1. The face value of the bills.2. The net cash value received on discounting the bills.3. Calculate the discount.

Can you assist please    The BEV Toy Shop purchased 50 wagons at $45 per wagon less a 40% trade discount on May 8. The invoice had terms of 3/10, 2/20, N/30. On May 18, the shop sent a check for an amount that gave it a credit for ½ the balance due. On May 31, the remaining balance was paid. The shop expects a profit of 30% of cost and 15% of cost for operating expenses. From May until the end of September, the shop sold 40 wagons at its regular markup. From September through December, the remaining wagons were sold with a 35% markdown price. It is your task to determine the following, remembering to show and label all calculations: The regular list price per wagon rounded to the nearest cent. The reduced list price per wagon rounded to the nearest cent. The total revenue received from the sale of all wagons. thanks

A chain of appliance stores, APP Corporation, purchases inventory with a net price of $350,000 each day. The company purchases the inventory under the credit terms of 1/15, net 30. APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP? Round your answer to the nearest dollar.