Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If total yearly sales to Nolan are 10,000 units, it will grant a rebate of 2.00%. If it sells up to 20,000 units, it will grant a rebate of 4.00%. If it sells up to 30,000 units, it will grant a rebate of 6.00% In the first quarter of the year, Manual sells 11,000 units to Nolan at a sales price of $110,000.00. Manual, based on past experience, has sold over 40,000 units to Nolan per year. Based upon the above information, what amount should Manual record as revenue based upon both the net and gross method? (check figure: gross method sales revenue $107,800.00)

Answers

Answer 1

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400


Related Questions

Quotes to say your paper airplane is the best?

Answers

Answer:

my paper airplane is the best .

Explanation:

The Aerodynamic lift of my airplane gives it the power to move through the air smoothly.

look at the picture ​

Answers

Okay, Lets get started.

For number one lets make a company named "Bluberry"

One way we use technology is for creating our websites, Employing people, and to talk to our workers.

2. BlueberryBoss and BerryPIcker

The rest I have no Idea how to help with.

A baseball team plays in a stadium that holds 54,000 spectators. With the ticket price at $10, the average attendance at recent games has been 21,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000.
(a) Find a function that models the revenue in terms of ticket price. (Let x represent the price of a ticket and R represent the revenue.) R(x) = _________
(b) Find the price that maximizes revenue from ticket sales. $______________
(c) What ticket price is so high that no revenue is generated? $___________

Answers

Answer:

a) R(x) =  51000 x - 3000 x²

b) When the Revenue is maximum, The price is $ 8.5

c) When No revenue is generated, The price of the ticket is $17

Explanation:

Given - A baseball team plays in a stadium that holds 54,000 spectators. With the ticket price at $10, the average attendance at recent games has been 21,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000.

To find - (a) Find a function that models the revenue in terms of ticket price.  

              (b) Find the price that maximizes revenue from ticket sales.  

              (c) What ticket price is so high that no revenue is generated?

Proof -

Let us assume that,

The price of a ticket = x

The revenue = R

Now,

a)

Total number of tickets sold , N = 21000 + 3000(10 - x)

                                                     = 21000 + 30000 - 3000 x

                                                     = 51000 - 3000 x

⇒Total number of tickets sold , N = 51000 - 3000 x

Now,

Revenue , R(x) = x * N

                        = x [ 51000 - 3000 x ]

                        = 51000 x - 3000 x²

⇒R(x) =  51000 x - 3000 x²

b)

For maximum Revenue,

Put [tex]\frac{dR(x)}{dx} = 0[/tex]

Now,

[tex]\frac{dR(x)}{dx}[/tex] = 51000 - 6000 x

⇒51000 - 6000 x = 0

⇒6000 x = 51000

⇒6x = 51

⇒x = [tex]\frac{51}{6}[/tex] = 8.5

∴ we get

When the Revenue is maximum, The price = $ 8.5

c)

If No Revenue is generated

⇒R(x) = 0

⇒51000 x - 3000 x² = 0

⇒1000 x ( 51 - 3 x ) = 0

⇒1000 x = 0, 51 - 3 x = 0

⇒x = 0, 3 x = 51

⇒x = 0, x = [tex]\frac{51}{3}[/tex]

⇒x = 0, x = 17

∴ we get

When No revenue is generated, The price of the ticket is $17

Compare these two sections of resumes. Which is more appropriate? a. - Completed nine-hour training course • Ran simulation software, • Used test probe to test over one hundred parts - Started a test plan document. b. Completed nine-hour training course • Ran simulation software • Used test probe to test over one hundred parts • Started a test plan document JURG Fil, Ir. Ob a​

Answers

Answer:

the second one

Explanation:

​Use the following to answer the questions. ​ Suppose that Ray-Ban is considering a new line of sunglasses that would be sold in major department stores. The new line would be positioned as a more distinctive brand than the typical glasses sold through department stores, and would be priced higher than other brands in the store, but a lower price line than the current Ray-Ban lines that are sold through more selective stores. In determining the price for this sunglass line, Ray-Ban wants to gather information about all brands sold in department stores and about customers' perceptions of those brands. ​Refer to Scenario 12.3. Ray-Ban's plan of gathering information about the other brands sold in department stores, including their prices, would most likely be used in a ____ basis for pricing.

Answers

Answer: Demand based pricing

Explanation:

Ray-Ban's plan of gathering information about the other brands sold in department stores, which includes their prices, would most likely be used in a demand based basis for pricing

Demand-based pricing, refers to the method of pricing whereby the fluctuations in the demand of consumers is considered.

Due to the flctuations, the prices are adjusted in a way that fits the changes in the values of the product.

plz,what is memorandum​

Answers

Answer:

A written message in business or diplomacy.

Explanation:

I hope that this helps!! :)))

an informal written record of an agreement that has not yet become official.

A memorandum (abbrev.: memo; from Latin memorandum est, "It must be remembered") is a written message that may be used in a business office. ... In business, a memo is typically used by firms for internal communication, while letters are typically for external communication.

Differentiate between GVA at basic prices and expenditure on GDP at market price

Answers

Answer:

Explanation:However, GVA at basic prices will include production taxes and exclude production subsidies available on the commodity. On the other hand, GVA at factor cost includes no taxes and excludes no subsidies and GDP at market prices include both production and product taxes and excludes both production and product subsidies

What are the different career opportunities with being a environmental economist?

Answers

Answer:

Some of the important job roles that can be taken up by an Environmental Economist include Energy Economist, Ecological Economist, Agricultural Economist and Chief Economist.

Explanation:

please give me brain list and follow

An employee who works from home is participating in what activity?​

Answers

Answer:

TELECOMMUTING

Explanation:

the name, or answer to an employee working from home would be called: a telecommuting employee
hope this helps!! <3

Granville Transportation, a designer and manufacturer of self-driving buses and streetcars, is working on developing the next generation of electric vehicles. Granville has chosen to focus on a narrow buyer segment of medium-sized cities with populations between 100,000 and 1,000,000, and is outcompeting rivals by manufacturing its vehicles at a lower cost via artificial intelligence-guided robots. Which of the five basic strategic approaches has Granville Transportation decided upon

Answers

Answer:

best-cost provider

Explanation:

The five basic strategic approaches has Granville Transportation decided upon are;

✓Broad low-cost strategy.

✓Best-cost strategy.

✓Broad differentiation strategy.

✓Focused differentiation strategy.

✓Focused low-cost strategy.

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