Qsuppose samcom sell 3500 books on account for 11 each cost, Ask an Expert

Economics

Q. Suppose sam.com sell 3500 books on account for $11 each (cost these book is $16500) on October 10, 2012. One hundred of these books (cost $660) were damaged in shipment, so muddyriver.com later received the damaged goods as sales return on 13 October 2012. Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered were 2/15 net 60.

1. Calculate net sales for October 2012

2. Calculate gross profit for October 2012

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9722501

Have any Question?Write your Review or question?

Related Questions in Business Economics

An important decision places christmas holiday celebrators

An important decision places Christmas holiday celebrators: To buy real or artificial trees? A market research firm reported that 62% of individuals polled preferred an artificial tree. We conduct independent serving of ...

Suppose that serendipity bank has excess reserves of 12000

Suppose that Serendipity Bank has excess reserves of $12,000 and check able deposits of $150,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?

Economics - unemploymentwhat kind of monetary and fiscal

Economics - Unemployment What kind of monetary and fiscal policies could be introduced to reduce unemployment? Why would we expect these policies to have inflationary consequences? Illustrate your answer diagrammatically

How is the study of how firms decisions about prices and

How is the study of how firms' decisions about prices and quantities depend on the market conditions they face,the field of industrial organization, and the cost of production.

Practical exercise 1assume the demand for teachers ld in a

Practical Exercise 1: Assume the demand for teachers (Ld) in a school is given by the following equation: W = 1700 - 2L D and the supply of teachers (L S ) depends on whether the school is a public school or private sch ...

If the coefficient of determination is 0738 what percentage

If the coefficient of determination is 0.738, what percentage of the data about the regression line is unexplained?

You are given the sample mean and the population standard

You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. A random sample of 44 gas grills has a mean price of ...

1 the following table shows the prices and quantity

1. The following table shows the prices and quantity demanded of Alberta wheat in 2014 and 2015. The change in 2012 resulted from exceptional weather, resulting in a bumper crop. 2014 2015 Bushels demanded 1.74 billion 1 ...

Why is the term asymmetric information in order to

Why is the term asymmetric information in order to understand why some people are better informed than others, and the imbalance in information affects the choices they make and how they deal with one another?

A restaurant offers a 12 dinner special that has 7 choices

A restaurant offers a? $12 dinner special that has 7 choices for an? appetizer, 13 choices for an? entrée, and 4 choices for a dessert. How many different meals are available when you select an? appetizer, an? entrée, an ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert