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- A vendor specializing in outdoor gear offers customers three ways to place orders for home delivery. Customers can place orders either in the store, online, or via telephone using a catalog. Of the orders, one-half are made online with one-quarter each made in stores or via telephone. Of the online orders, 40% are only for clothing, 40% are only for camping supplies, and 20% are for both. For orders placed in the store, all are for clothing (to order a size that is not in stock). Among orders placed via telephone, 60% are only for clothing, 20% are only for camping supplies, and 20% are for both. Answer parts (a) and (b).USE GOOGLE SHEET Use the template below and create your own invoice for purchased products of a VAT registered customer. The products are enumerated below with unit price at gross of VAT, a 3% discount has been given to the customer. Do all formulas required. Format the invoice for clarity.Andrea is ordering supplies for summer camp and notices the supplier has a special offer on four items on her list: caps, T-shirts, socks, and shoes. The supplier packaged these items for some special orders, and a number were returned that the supplier would like to move. There are three types of packages, I, II, III. I contains 5 caps, 10 pairs of socks, 2 T-shirts, and 4 pairs of shoes.II contains 5 caps, 6 pairs of socks, 3 T-shirts, and 3 pairs of shoes.III contains 4 caps, 5 pairs of socks, 6 T-shirts, and no shoes. Andrea estimates they will need up to 200 caps, up to 300 pairs of socks, up to 210 T-shirts, and up to 60 pairs of shoes.Based on the special price and their published camp fees, the camp can make a profit of $18 on each package I, $15 on each package II, and $6 on each package III. How many of each type of package should Andrea order to achieve maximum profit? A maximum profit of $ ? is possible if Andrea orders 15 of package I and ? of package III, or 20 of package…
- Review the following transactions, and prepare any necessary journal entries for Renovation Goods. A. On May 12, Renovation Goods purchases 750 square feet of flooring (Flooring Inventory) at $3.00 per square foot from a supplier, on credit. Terms of the purchase are 2/10, n/30 from the invoice date of May 12. B. On May 15, Renovation Goods purchases 200 measuring tapes (Tape Inventory) at $5.75 per tape from a supplier, on credit. Terms of the purchase are 4/15, n/60 from the invoice date of May 15. C. On May 22, Renovation Goods pays cash for the amount due to the flooring supplier from the May 12 transaction. D. On June 3, Renovation Goods pays cash for the amount due to the tape supplier from the May 15 transaction.An order is shipped to a retail customer who has ordered 8 individual items. This order will be shipped in 4 separate boxes. What is the packing and shipping cost that will be allocated to the order? $18.60 $4.20 $12.60 $8.40 $16.80Lakeesha Barnett owns and operates a package mailing store in a college town. Her store, Send It Packing, helps customers wrap items and send them via UPS, FedEx, and the USPS. Send It Packing also rents mailboxes to customers by the month. In May, purchases of materials (stamps, cardboard boxes, tape, Styrofoam peanuts, bubble wrap, etc.) equaled 11,450; the beginning inventory of materials was 1,050, and the ending inventory of materials was 950. Payments for direct labor during the month totaled 25,570. Overhead incurred was 18,130 (including rent, utilities, and insurance, as well as payments of 14,050 to UPS and FedEx for the delivery services sold). Since Send It Packing is a franchise, Lakeesha owes a monthly franchise fee of 5 percent of sales. She spent 2,750 on advertising during the month. Other administrative costs (including accounting and legal services and a trip to Dallas for training) amounted to 3,650 for the month. Revenues for May were 102,100. Required: 1. What was the cost of materials used for packaging and mailing services during May? 2. What was the prime cost for May? 3. What was the conversion cost for May? 4. What was the total cost of services for May? 5. Prepare an income statement for May. 6. Of the overhead incurred, is any of it direct? Indirect? Explain.
- Nicole’s Getaway Spa (NGS) has been so successful that Nicole has decided to expand her spa byselling merchandise. She sells things such as nail polish, at-home spa kits, cosmetics, and aromatherapy items. Nicole uses a perpetual inventory system and is starting to realize all of the workthat is created when inventory is involved in a business. The following transactions were selectedfrom among those completed by NGS in August.Aug. 2 Sold 10 items of merchandise to Salon World on account at a selling price of$1,000 (total); terms 2/10, n/30. The goods cost NGS $650.Aug. 3 Sold 5 identical items of merchandise to Cosmetics R Us on account at a sellingprice of $500 (total); terms 2/10, n/30. The goods cost NGS $400.Aug. 6 Cosmetics R Us returned one of the items purchased on August 3. The itemcould still be sold by NGS in the future and credit was given to the customer.Aug. 10 Collected payment from Salon World, fully paying off the account balance.Aug. 20 Sold two at-home spa kits to…Lakeesha Barnett owns and operates a package mailing store in a college town. Her store, Send It Packing, helps customers wrap items and send them via UPS, FedEx, and the USPS. Send ItPacking also rents mailboxes to customers by the month. In May, purchases of materials (stamps, cardboard boxes, tape, Styrofoam peanuts, bubble wrap, etc.) equaled $11,450; the beginning inventory of materials was $1,050, and the ending inventory of materials was $950. Pay-ments for direct labor during the month totaled $25,570. Overhead incurred was $18,130 (including rent, utilities, and insurance, as well as payments of $14,050 to UPS and FedEx for the delivery services sold). Since Send It Packing is a franchise, Lakeesha owes a monthly franchise fee of 5 percent of sales. She spent $2,750 on advertising during the month. Other adminis-trative costs (including accounting and legal services and a trip to Dallas for training) amounted to $3,650 for the month. Revenues for May were $102,100.Required:1.…Can you please show all of your work and show where you are getting the numbers from? Thank you. Barbara's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Barbara's purchases of Xpert snowboards during September is shown below. During the same month, 130 Xpert snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 30 $90 $2,700 Sept. 12 Purchases 50 96 4,800 Sept. 19 Purchases 15 100 1,500 Sept. 26 Purchases 50 104 5,200 Totals 145 $14,200 Additional data regarding Barbara's sales of Xpert snowboards are provided below. Assume that Barbara's uses a perpetual inventory system. Date Units Unit Price Total Revenue Sept. 5 Sale 20 $185 $3,700 Sept. 16 Sale 50 185 9,250 Sept. 29 Sale 60 208 12,480 Totals 130 $25,430 Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29. (Round answers 2 decimal places, e.g. 1.25.) September 1 %24 90 September 5 %24 September 12 %24 93.75 September 16 %24 September 19…
- You receive the remaining products ordered from Books Galore on Purchase Order 100 (which is $660), and Purchase Order 103 (which is $350). In addition to the books, Books Galore charged $336.27 for some supplies Martin had called them about, which are $305.85 for tutoring supplies and $30.42 for office supplies. You charge the cost of the tutoring supplies to the Supplies on Hand account. You expense the offices supplies. The total amount on the invoice (#2244) is $911.27. The terms are Net 30. Please solve the problem by giving accurate explanations which are related specifically to this problem. The previous tutor only gave a brief explanation which was NOT helpful at all.Ngai Nhung is the sales manager at Hung Technologies. At lunch with the company CEO, Ngai proudly announced that he had received a __ from a client. The client had just requested a large quantity of components from Hung. A. purchase order B. purchase requisition C. back order D. voucher E. bill of ladingA gift shop owner purchases items to sell in her store. She purchases a chair for $125 and sells it for $275. Determine the following: a. dollar markup b. markup percentage on cost c. markup percentage on selling price
