3. A bicycle shop acquired a mountain bike at Php5,500 a piece. The shop sells it at Php9,000. During the rainy season, the owner decided to change the price to Php7,500. Find the initial markup rate and then the markdown rate.
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- An engineer started a home service air-conditioning business. This small business costs Php 3 250 to buy the things that he needs to prepare his equipment’s ready for the job. However, the City hall charges him Php 100.00 for each home service done. Calculate the break-even number of service if the price he charges for 1 service is Php 750.00 a. 3 b. 4 c. 5 d. 64. A purchasing manager of a business firm bought 20 dozen pairs of shoes for Php 202,080. If he sold each pair of shoes for Php 2,360. Find the mark up and mark up rate based on the cost. Solution: 5. What would be the selling price of a phone that costs Php 15,990 if you want to a mark- on rate of 70% based on the cost? Solution:A brand new car was up for a raffle where tickets are sold for Php 500. Three thousand tickets were made and all were sold out. If the price of the car when bought from a car shop is 1 million pesos, what is the expected gain of each of those who bought one ticket?
- Please show your solution in good accounting form. Thank you! JINN Corporation started a promotional program. A towel is offered as a premium to customers who send in 10 box tops of facial soap returned and remittance of ₱25. The distribution cost is ₱10 per towel. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: 2020 2021 Facial soap sales, ₱50 per unit ₱ 2,500,000 ₱ 2,875,000 Towel purchases, ₱90 per unit ₱ 337,500 ₱ 360,000 Number of box tops returned 22,500 38,550 Requirements: 1. Compute for the premiums (as an asset) amount for the year ended:A. December 31, 2020B. December 31, 2021 2. Compute for the premiums expense for the year ended:A. December 31, 2020B. December 31, 2021 3. Compute for the premium liability for the year ended:A. December 31, 2020B. December 31, 2021 4. How much net cash did the entity receive (give) with regards to the…Shurgurado Lhines is a dealer of cleaning materials. If it pays PhP1,875 for the vacuum cleaner and sells each at PhP4,499.50. a What is the percent markup based on selling price? b. Shurgurado Lhines decided to give a 1-year Product Replacement Policy amounting to PhP399.50. If it pays PHP75.00 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? If 6,000 vacuum cleaners are sold in a season and 40% are sold with the insurance policy, how many additional "markup amount," (the gross margin), was made by offering the policy? Continuing with the information from letter c, compare the total markup amount of Shurgurado Lhines on: i. C. d. Vacuum cleaners only Combination of vacuum cleaner and policy replacement offer e. As Operations Manager for Shurgurado Lhines, what is your opinion on offering such replacement policy considering their effect on the "profit picture" of the…A motorcycle shop pays its wholesaler Php 4,500 for a certain helmet, and then sells it to a customer for Php 7.500 What is the mark-up rate?
- Please show the solution in good accounting form. Thank you! Dominic Corporation started a promotional program. A towel is offered as a premium to customers who send in 10 box tops of facial soap returned and remittance of ₱25. The distribution cost is ₱10 per towel. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: 2020 2021 Facial soap sales, ₱50 per unit ₱ 2,500,000 ₱ 2,875,000 Towel purchases, ₱90 per unit ₱ 337,500 ₱ 360,000 Number of box tops returned 22,500 38,550 Requirements: 1. Compute for the premiums (as an asset) amount for the year ended:A. December 31, 2020B. December 31, 2021 2. Compute for the premiums expense for the year ended:A. December 31, 2020B. December 31, 2021 3. Compute for the premium liability for the year ended:A. December 31, 2020B. December 31, 2021 4. How much net cash did the entity receive (give) with regards to the…can you please explain how to recognize the revenue if you have the information below using IFRS The A company sells copy machine at a sales price of JPY1,500,000 per unit. The salesprice includes delivery and installation. It also gives a maintenance service (6 years) in which atechnician checks to make sure that the machine is working properly with a price of JPY500,000(one-time prepayment).The A company has started a promotion campaign in which the maintenance service (6years) will be offered for free to a client that buys a copy machine of JPY 1,728,000.The A company has made a contract to sell a copy machine with the maintenance service(6 years) to B company by JPY 1,728,000.5.) Engr. Roque owner of the HarRoqe’s Ice Plant is monitoring the cashflow of the plant. Based on the following information, how many ice blocks must produce and able to sell per month to break even? Ice block price Php 50.00/ice block Cost of electricity Php 30.00/ice block Tax to be paid Php 3.00/ice block Real estate Tax Php 4,500.00/month Salaries and wages Php 30,000.00/month Others Php 15,000.00/month
- A watch store owner decided to offer a 20% discount for a particular brand of watchthat sells at PhP 35 000. By doing so, his average sales increased from 5 watchesto 12 watches a day. If he bought one watch at a price of PhP 22 000 from thesupplier, by how much was the daily profit increased or decreased by offering suchdiscount on the watch?Shurgurado Lhines is a dealer of cleaning materials. If it pays PHP1,875 for the vacuum cleaner and sells each at PhP4,499.50... What is the percent markup based on selling price? Shurgurado Lhines decided to give a 1-year Product Replacement Policy amounting to PHP399.50. If it pays PhP75.00 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? |If 6,000 vacuum cleaners are sold in а. b. С. season and 40% are sold with the insurance policy, how many additional "markup amount," (the gross margin), was made by offering the policy? Continuing with the information from letter c, compare the total markup amount of d. Shurgurado Lhines on: Vacuum cleaners only Combination of vacuum cleaner and policy replacement offer i. ii. As Operations Manager for Shurgurado Lhines, what is your opinion on offering such replacement policy considering their effect on the "profit picture" of the е.…You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $4,700 and will be posted for one year. You expect that it will generate additional revenue of $705 a month. What is the paybackperiod?