Question

1) On May 3, 2014, Eisler Company consigned 100 freezers, costing $700 each, to Remmers Company. The cost of shipping the freezers amounted to $800 and was paid by Eisler Company. On December 30, 2014, a report was received from the consignee, indicating that 50 freezers had been sold for $900 each. Remittance was made by the consignee for the amount due after deducting a commission of 8%, advertising of $250, and total installation costs of $300 on the freezers sold. Compute the amount of cash that will be remitted by the consignee

#1. Cash Remitted = $

Answer 1

Particulars	Amount	Amount
Sales revenue		45,000
Expenses:
Commission	3,600
Advertising	250
Installation	300
Total deductions	4,150	(4,150)
Cash remittance		40,850

Answer is $40,850

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