A customer purchased 3 tablets for 1.25 each, 6 pencils for 0.20 each, and 2 notebooks for 1.35 each. All prices include tax. The customer handed the salesperson a ten-dollar bill. Compute the amount of change the customer should have received.
Q. 2Favorite Flavors, Inc takes inventory semiannually and bases inventory on selling price. Beginning inventory for the year was 95,300 . Inventory at the end of the first six months was 112,000 . Ending inventory for the year was 99,900 . Net sales for the year equal 327,680 . Compute the inventory turnover at retail.
Q. 3A store owner planned to give away 1,200 at Christmas. The owner gave 100 to each of the 4 regular employees and 25 to each of the 3 temporary employees. The remaining money was given to a local charity. Compute the amount the local charity received.
Q. 4Junk Jewelry, Inc takes inventory annually and bases inventory on selling price. Beginning inventory for the year was 38,600 . Ending inventory for the year was 31,600 . Net sales for the year equal 97,600 . Compute the inventory turnover at retail.
Q. 5A trucking company had 3 trucks. The first truck traveled 790 miles, the second truck traveled 830 miles, and the third truck traveled 948 miles. Each truck traveled 12 miles on a gallon of gas. Gas cost 3.80 per gallon. Compute the amount the trucking company spent on gas.
Q. 6Good Grooming Supplies takes inventory quarterly and bases inventory on selling price. Beginning inventory for the year was 91,000 . Inventory at the end of the first quarter was 89,500 . at the end of the second quarter, 74,120; at the end of the third quarter, 82,210; and at the end of the year, 79,170 . Net sales for the year equal 249,600 . Compute the inventory turnover at retail.
Q. 7A company purchased 26 desks for 240 each and 18 chairs for 59 each. Compute the total purchase price.
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