A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by 40%. What is the sale price?

2)An invoice for $2500 dated September 15 with terms 2/10, 1/20, n/30, EOM is received in the mail on September 20. A payment of $1500 is made on October 20. How much is credited to the account?

3)An invoice for $4500 dated September 15 with terms 2/10, 1/20, n/30, EOM is received in the mail on September 20. What payment would settle the invoice on October 15?

4)M Studios retails their own brand of camera that they manufacture in their plant for $500. The plant capacity is 1000 units per month and variable costs are $225 per camera. Total fixed costs for the year are $2.16 million. Calculate the contribution margin per camera

Answer rating: 100% (QA)

Answer 1 To find the sale price of the product Cost of the product 350 Discounts 30 20 and 10 Overhe... View the full answer