A retailer is considering the purchase of 1,000 units of a specific item from either of two suppliers. Their offers are as follows:
Supplier One: $34.80 a unit, 1/10, n/30, no charge for freight.
Supplier Two: $35.00 a unit, 2/10, n/30, plus freight of $200.
Price of Supplier One:
$fill in the blank 1
Price of Supplier Two:
$fill in the blank

Answers

Answer 1

The price of Supplier One is $34.80 per unit, and the price of Supplier Two is $34.50 per unit.

Price of Supplier One: $34.80 per unit

Price of Supplier Two: $35.10 per unit

To calculate the price of each supplier:

For Supplier One: There is no mention of additional charges, so the price would be $34.80 per unit.

For Supplier Two: The unit price is $35.00, but there is a discount of 2% for paying within 10 days, so the effective price would be:

$35.00 x 0.98 = $34.30 per unit

However, there is an additional freight charge of $200, which would be spread across the 1,000 units, resulting in a per-unit charge of $200/1,000 = $0.20.

Therefore, the total cost per unit from Supplier Two would be:

$34.30 + $0.20 = $34.50 per unit.

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Related Questions

Write down three key takeaways from the home-buying process in the space below.

Answers

The three takes aways from the home-buying process are, before going house searching,

research the housing market and be pre-approved for a mortgage.Engage the services of a competent real estate agent to walk you through the process and bargain on your behalf.Before closing, do a comprehensive house inspection to discover any potential concerns or needed repairs.

What is the Home-Buying Process?

Purchasing a house entails locating a suitable property, obtaining financing, making an offer, obtaining a home inspection, and finalizing the transaction.

If you can't afford a large down payment, national and state first-time buyer programs may be helpful. It's critical to maintain your property and save money once you've moved in.

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During the current year, merchandise is sold for $891,000. The cost of the goods sold is $543,510.
a. What is the amount of the gross profit?
$fill in the blank 1
b. Compute the gross profit percentage (gross profit divided by sales).
fill in the blank %

Answers

During the current year, merchandise is sold for $891,000. The calculated gross profit will be $ 347,490 and gross profit percentage is 39%.

A company's gross profit is its profit after deducting all costs associated with manufacturing and selling its goods or services. By subtracting your total sales from the cost of goods sold (COGS), you can figure out your gross profit.

Gross profit = selling price - cost price

= $ 891,000 - $ 543,510

= $ 347,490

Gross profit percentage = gross profit / sales

= $ 347,490/ $ 891,000

= $ 0.39 = 39 %

A company's gross profit is the difference between its total cost of goods sold and total revenue, which is calculated by deducting the total revenue from the total cost of goods sold. It's also known as gross income or gross margin. Gross profit can be used to compare the performance of various businesses because it is a measure of a company's effectiveness in cost control.

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"Group decision making is better". Do you agree or disagree with the statement? Give 3 reasons why do you say so?

Answers

Answer:

I agree because it make the group bring out more ideals

sometimes group decision make some people to voice out their problems

group decision help organization and firms to operate in good aims

1. If you deposit $120 in an account that pays 10% interest annually and you don't touch it for 3 years, what is the interest earned on your initial deposit after 3 years?

2. Given the information below use the formula for compounding interest to determine the increase in value of you $125 deposit after 3 years

Answers

The interest earned on your initial deposit after 3 years will be $39.72.

How to explain the interest

After depositing $120 in an account with a yearly interest rate of 10%, the first year reflects earnings of $12. Once the earnings combine with the main balance, the total value amounts to $132.

The second-year earnings can then be calculated through the newfound balance of $132 and result in $13.20. Adding that to the initial balance yields $145.20. Following this pattern, the third year's interest calculation using the new balance of $145.20 brought forth $14.52 in earned interest, increasing the current balance to $159.72.

Ultimately, the original amount surged by $39.72 due to exceeding interest earnings over three years' time.

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