Discuss the concepts of financial management
A man received an invoice dated March 9, with term 4/10, n/30 amounting to $510. He paid the bill on March 12. How much was the cash discount?
A man gets an invoice for $440 with terms 4/10, 1/15, n/29. How much would he pay 24 days after the invoice date?
An invoice for a camcorder that cost $1240 is dated August 2, with sales terms of 2/10 EOM. If the bill is paid on Sept 6, How much is due?
An invoice is dated for Oct 14 and has sales terms of 2/10 ROG. The merchandise arrives Oct 17. How much is due if the bill is paid Oct 26?
Kariem Salaam is directing the accts payable office and is training a new accts payable associate. They are processing an invoice for a credenza that is dated August 19 in the amount of $392.34. The delivery ticket for the credenza is dated Aug 23. If the sales terms indicated on the invoice are 3/9 ROG, how much needs to be paid if the bill is paid on September 5?
A machine shop received a shipment of goods from a distributor. The bill of lading was marked freight collect. Who paid the freight? To whom was the freight paid?
- Nobody paid the freight
- The distributor paid the freight
- Both paid the freight
- The machine shop paid the freight to the freight company
Selling price= $39.99; Markup= $15.99. Find the cost.
Markup= $60; Rate of markup based on cost = 81%.
- Find the cost.
- Find the selling price
Nineteen decorative enamel balls cost $11.48 and are marked up $9.45.
- Finding the selling price for each one
- Find the total amount of margin or markup for the 19 balls.
A sofa costs $388 and sells for $698.40, Which is 180% of the cost.
- Find the rate of markup.
- Find the markup.
A man received an invoice dated March 9, with term 4/10, n/30 amounting to $510. He paid the bill on March 12. How much was the cash discount?
A man gets an invoice for $440 with terms 4/10, 1/15, n/29. How much would he pay 24 days after the invoice date?
An invoice for a camcorder that cost $1240 is dated August 2, with sales terms of 2/10 EOM. If the bill is paid on Sept 6, How much is due?
An invoice is dated for Oct 14 and has sales terms of 2/10 ROG. The merchandise arrives Oct 17. How much is due if the bill is paid Oct 26?
Kariem Salaam is directing the accts payable office and is training a new accts payable associate. They are processing an invoice for a credenza that is dated August 19 in the amount of $392.34. The delivery ticket for the credenza is dated Aug 23. If the sales terms indicated on the invoice are 3/9 ROG, how much needs to be paid if the bill is paid on September 5?
A machine shop received a shipment of goods from a distributor. The bill of lading was marked freight collect. Who paid the freight? To whom was the freight paid?
- Nobody paid the freight
- The distributor paid the freight
- Both paid the freight
- The machine shop paid the freight to the freight company
Selling price= $39.99; Markup= $15.99. Find the cost.
Markup= $60; Rate of markup based on cost = 81%.
- Find the cost.
- Find the selling price
Nineteen decorative enamel balls cost $11.48 and are marked up $9.45.
- Finding the selling price for each one
- Find the total amount of margin or markup for the 19 balls.
A sofa costs $388 and sells for $698.40, Which is 180% of the cost.
- Find the rate of markup.
- Find the markup.