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What is Hire-Purchase System characteristics?
There are some salient characterisitics to the Hire-Purchase System. The cash price of goods is paid in installment on agreed terms. The title to goods passes on last payment. The Hire Vendor (Seller) can take possession of goods if Hirer fails to pay an installment. The Hirer is not responsible for risk of loss of goods, till the ownership is transferred. The Hirer cannot mortgage, hire or sell or pledge the goods. The Hirer has got a right to terminate the agreement at any time before the property so passes.
What is the journal entry if actual price paid on credit for a raw material exceeds its standard price?
debit raw material purchasedcredit cashit doesn't have any impact on payment as variance is an internal matter of business.
If the profit made by the pen for Rs 10 is as much as its cost what is the cost price of pen?
Profit is 2 times the selling price and is equal to the cost price or wholesale price , S.P.(rs. 10)= profit + C.P. (Rs. 5 + rs. 5) ,therefore cost price is Rs. 5
What is sales price per unit less total variable cost per unit?
Formula for Contribution margin is as follows: Contribution margin = Sales price - variable cost So as you can see from above formula that sales price per unit minus variable cost per unit is contribution margin per unit
What is the sales total on 14.95 when the sales tax is 8.375?
The sales tax will be $1.24 which will equal to $16.19 as the total price.
How are installment loans are calculated?
amount finaced=cash price - down payment
What shows how installment loans are calculated?
amount financed= cash price- down payment
What is a down payment?
a portion of the purchase price that is paid as a condition of getting a loan. In other words, it is the first payment in installment buying.
What is the average price for a new Chevrolet Suburban LTZ?
The average price of a new Chevrolet Surburban LTZ would land to an average of $43K. If you're looking for a installment, the price will estimate to a payment of $629/mo with savings of $2.1K.
You want to buy laptop by installment in thane What are installment amount per month?
To buy a laptop in Thane in installment,the monthly installments will depend with the price of the laptop.
A sofa can be purchased for 635.59 cash or on the installment plan with a 75 down payment and 24 payments of 30 each How much money will you pay over the price of the sofa if you use the installme?
$159.41
What actors and actresses appeared in The Installment Collector - 1929?
The cast of The Installment Collector - 1929 includes: Fred Allen as The Newspaper Editor Alonzo Price as The Installment Collector
What is the profit on 80 shares sold at 23.25?
The profit is the sale price minus the purchase price minus the transaction costs.
How do you minus vat?
Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item
What do you call the price of a overhead minus the selling price?
Profit
How do you buy bugatti veyron on installment basis?
to buy this amazing car on an installment basis you would have to make them an offer they cant refuse (so pay over sticker price)
The cost of overhead minus the selling price?
The cost of overhead minus the selling price is loss.
