On october 20th, grimm co. consigned 40 freezers to holden co. for sale at $1,000 each and paid $800 in transportation costs. on december 30th, holden reported the sale of 10 freezers and remitted $8,500. the remittance was net of the agreed 15% commission. what amount should grimm recognize as consignment sales revenue for the freezers? a. $7,700.b. $8,500.c. $10,000.d. $9,800.

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

What two things do you consider when evaluating the time value of money

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?