A commission merchant specializing in food products sold a consignment of products for a farm. The sales price was 18,450 with a commission rate of 12 for farm products. For this consignment, there was 890 freight that the merchant had to pay. What were the net proceeds due to the farm?
Q. 2Wilson Steel Company had ending inventory of 254,300 this year, ending inventory of 156,00 . last year, and 186,00 . as cost of goods sold. Compute the inventory turnover rate.
Q. 3Yuli Lu works as commission merchant who helps businesses sell their existing office equipment, except computers. For desks, tables, chairs and filing cabinets, Yuli charges 18 of the sales price. For printers and copiers, she charges 30. She also deducts any delivery charges. For Harris Corp, she sold assorted furniture at 7,860 and two large copiers for 2,450 each. The total delivery charges were 318 . Compute the net proceeds that would be due to Harris Corp
Q. 4Thompson Laser Company had ending inventory of 163,600 this year, ending inventory of 134,00 . last year, and 262,00 . as cost of goods sold. Compute the inventory turnover rate.
Q. 5Diana Mortz receives a salary of 4,970, and a 2.6 commission on all of her sales in a month. In June, she sold 444,00 . worth of commodities. Determine Diana Mortz's total pay for June.
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