You work for a household appliance store, and your manger has asked you to prepare a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You work for a household appliance store, and your manger has asked you to prepare a sales report based on the information contained in the following table. Include a recommendation section for your manager. PRODUCT Kitchen appliances Refrigerators Dish washers Freezers Electric ranges OCTOBER 72 27 10 26 NUMBER SOLD NOVEMBER 103 14 36 26 Gas ranges Microwaves Laundry Appliances Washers Dryers RUBRIC Criteria 10 31 50 24 Use of English Conventions: Grammar, spelling. Mechanics: punctuation; capitalization Total Organization Organized the report using appropriate memo format; headings Documented data for all categories and totals Content Provided accurate data on quantities sold or services provided Explained the importance of the data (including sales figures as evidence) Made three recommendations based on the sales. 46 Air treatments Room air conditioners 41 Dehumidifiers 7 Figl: Table illustrating products being offered and the number of items sold during the financial year. 75 56 36 69 2 Possible Marks 25 5 2 5 3 5 Marks Earned Question a. The table below shows a shopping bill prepared for Ms. Rowe. The prices of some items are missing. Item 3 kg sugar 4 kg rice 2 kg flour i. ii. Unit Cost Price X SHOPPING BILL Y $160.00 Total cost price $180.00 Z $320.00 Calculate the value of X, the cost of 1 kg of sugar (1 mark) If the cost of 1 kg of rice is $10.00 more than for 1 kg of flour. Calculate the value of Y and Z. (2 marks) iii. b. Orange juice is sold in cartons of three different sizes. A tax of 16% of total cost price of the three items is added to Ms. Rowe's bill. What is Ms. Rowe's total including tax (3 marks) Carton sizes 350 ml 450 ml 500 ml i. i. ii. Selling price $420.00 $535.00 $580.00 Which size of orange juice is the most cost-effective purchase. Justify your answer. (3 marks) c. Paul bought and sold a computer. He wrote his business activity as follows: Cost price of computer - $60,000 Marked price of computer - $100,000 Discount on marked price -5% (if paid by cash) Calculate The selling price (paid by cash) (2 marks) The profit or loss as a percentage of the cost price (2 marks) You work for a household appliance store, and your manger has asked you to prepare a sales report based on the information contained in the following table. Include a recommendation section for your manager. PRODUCT Kitchen appliances Refrigerators Dish washers Freezers Electric ranges OCTOBER 72 27 10 26 NUMBER SOLD NOVEMBER 103 14 36 26 Gas ranges Microwaves Laundry Appliances Washers Dryers RUBRIC Criteria 10 31 50 24 Use of English Conventions: Grammar, spelling. Mechanics: punctuation; capitalization Total Organization Organized the report using appropriate memo format; headings Documented data for all categories and totals Content Provided accurate data on quantities sold or services provided Explained the importance of the data (including sales figures as evidence) Made three recommendations based on the sales. 46 Air treatments Room air conditioners 41 Dehumidifiers 7 Figl: Table illustrating products being offered and the number of items sold during the financial year. 75 56 36 69 2 Possible Marks 25 5 2 5 3 5 Marks Earned Question a. The table below shows a shopping bill prepared for Ms. Rowe. The prices of some items are missing. Item 3 kg sugar 4 kg rice 2 kg flour i. ii. Unit Cost Price X SHOPPING BILL Y $160.00 Total cost price $180.00 Z $320.00 Calculate the value of X, the cost of 1 kg of sugar (1 mark) If the cost of 1 kg of rice is $10.00 more than for 1 kg of flour. Calculate the value of Y and Z. (2 marks) iii. b. Orange juice is sold in cartons of three different sizes. A tax of 16% of total cost price of the three items is added to Ms. Rowe's bill. What is Ms. Rowe's total including tax (3 marks) Carton sizes 350 ml 450 ml 500 ml i. i. ii. Selling price $420.00 $535.00 $580.00 Which size of orange juice is the most cost-effective purchase. Justify your answer. (3 marks) c. Paul bought and sold a computer. He wrote his business activity as follows: Cost price of computer - $60,000 Marked price of computer - $100,000 Discount on marked price -5% (if paid by cash) Calculate The selling price (paid by cash) (2 marks) The profit or loss as a percentage of the cost price (2 marks)
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
1. Based on the information provided in the case below, what is the key strategic goal for Tim Hortons as of August 2014? It would be a year of dramatic change for Tim Hortons Inc. On August 26,...
-
The Coca-Cola Company and PepsiCo, Inc. Instructions Go to the books companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo,...
-
Suppose Targets stock has an expected return of 20% and a volatility of 40%, Hersheys stock has an expected return of 12% and a volatility of 30%, and these two stocks are uncorrelated. a. What is...
-
During April, Rain Gear Unlimited produced 5,500 umbrellas from mylon that costs $0.45 per yard, which is $0.05 cheaper than the standard. It also used 3,000 direct labor hour rate of $6.50. Its...
-
A pulse input to a vessel gives the results shown in Fig. P11.1. (a) Check the material balance with the tracer curve to see whether the results are consistent. (b) If the result is consistent,...
-
John Save plans to invest \($5,000\) in one of the following instruments: B Bonds of J Ltd., yielding 12% Canada Savings Bonds, yielding 8% On the basis of his knowledge of current economic...
-
Marvin Braun had just been appointed vice president of the Great Basin Region of the Financial Services Corporation (FSC). The company provides check processing services for small banks. The banks...
-
For the case assigned by your instructor, complete the following requirements, using software where flowcharts are required: Annotate the flowchart prepared in part a to indicate the points where the...
-
Balance sheets for P Company and S Company on August 1, 2019, are as follows: Required: Prepare a workpaper for a consolidated balance sheet for P Company and its subsidiary on August 1, 2019, taking...
-
2. An economist estimated that the cost function of a single product firm is: Total cost (Q) = 5.6+2.5Q+6.9 Based on this information, determine the following: a. Fixed cost, variable cost and total...
-
A foreign investor is interested in entering an economic sector of the Dominican Republic, for this he selected 5 sectors and thus evaluate their behavior. This was based on data from the Central...
-
A pioneering e-commerce platform is helping women in East Africa access menstrual care, personal care and women's health products. The platform is optimised to provide confidential access to products...
-
Complete the income portion of Forms 1120 and 1125-A for the corporation listed below. The Computer Executive corporation presents the following information in its books: Income received from sales...
-
Kohler Corporation reports the following components of stockholders equity at December 3 1 of the prior year. Common stock $ 2 0 par value, 1 0 0 , 0 0 0 shares authorized, 4 0 , 0 0 0 shares...
-
The industrial sector has begun prioritizing sustainability in design and operations. Industrial facilities, which include manufacturing buildings, warehouses, and distribution centers have long been...
-
Suppose 6 0 - day investments in Britain have a 6 . 0 0 % annualized return. In the U . S . , 6 0 - day investments of similar risk have a 4 . 0 0 % annualized return. In the 6 0 - day forward...
-
Beginning with a country that has a trade deficit, demonstrate graphically what will happen to a countrys potential output with globalization if that countrys costs of production fall. Explain your...
-
On July 1, 2012, Ted, age 73 and single, sells his personal residence of the last 30 years for $365,000. Ted's basis in his residence is $35,000. The expenses associated with the sale of his home...
-
Jason and Mary are married taxpayers in 2012. They are both under age 65 and in good health. For this tax year, they have a total of $41,000 in wages and $500 in interest income. Jason and Mary's...
-
In the 2012 tax year, Michelle paid the following amounts relating to her 2010 tax return: Tax deficiency..........................................$5,000 Negligence...
-
In 2020, Adele Company accrued a legal liability of \(\$ 500,000\) for payments expected to be paid (and will be deducted when paid) as follows: 2021 : \(\$ 250,000 ; 2022\) : \(\$ 150,000\); and...
-
A plant asset purchased by Krest Inc. for \(\$ 100,000\) late in 2018 is to be depreciated as follows. In 2020 , taxable income was \(\$ 450,000\) and the tax rate is \(25 \%\). Future enacted tax...
-
The Billboard Company has a deferred tax liability in the amount of \(\$ 14,000\) at December 31, 2020, relating to a \(\$ 40,000\) installment sale receivable, \(\$ 20,000\) of which is collected in...
Study smarter with the SolutionInn App