Ebay Invoice | PDF | Service Industries | Market (Economics) - Free Printable
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Step-by-step solution for: Ebay Invoice | PDF | Service Industries | Market (Economics)
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Show Answer Key & Explanations
Step-by-step solution for: Ebay Invoice | PDF | Service Industries | Market (Economics)
Problem Analysis:
The provided image is an eBay order receipt. The task appears to be related to analyzing the details of the order, such as the items purchased, pricing, shipping, taxes, and any adjustments made. Let's break it down step by step.
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Key Details from the Receipt:
1. Order Information:
- Order ID: 09-07270-19347
- Order Date: June 28, 2021
- Shipped On: June 29, 2021
- Shipping Method: USPS First Class
- Tracking Number: 940011108400006892471
2. Ship To:
- Name: Suzana Silva
- Address: 525 Burnham Rd, Apt Right, Elizabeth, NJ, USA
- ZIP Code: 07202-1701
- Phone: +1908-636-4196
3. Ship From:
- Name: Vepa Gurbangeldiyev
- Address: 6102 N Shiloh Rd, Garland, TX, USA
- ZIP Code: 75044
4. Items Purchased:
- Item ID: 294242708740
- Description: "AS IS Apple AirPods 2nd Gen RIGHT ONLY (A2032) AUTHENTIC, NOT WORKING, Lot Of 5"
- Quantity: 4
- Price per Item: $68.00
- Subtotal: $68.00 (Note: This might be a typo or error since the quantity is 4, but the subtotal reflects only one item.)
5. Fees and Adjustments:
- Shipping: $0.00
- Sales Tax (eBay Collected): $4.51
- Discount: $0.00
- Refund: $-12.80
- Total: $59.71
6. Additional Notes:
- The total includes eBay-collected tax.
- eBay collects and remits the tax to the tax authorities in accordance with applicable state law.
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Observations and Potential Issues:
1. Subtotal Calculation Error:
- The description states that the quantity is 4, but the subtotal is listed as $68.00, which corresponds to the price of a single item. This suggests a discrepancy. If the quantity were correctly applied, the subtotal should be:
\[
\text{Subtotal} = 4 \times \$68.00 = \$272.00
\]
2. Refund Adjustment:
- There is a refund of $-12.80 applied to the total. This could indicate a partial refund or adjustment for some reason, but the receipt does not specify the reason.
3. Tax Calculation:
- The sales tax collected by eBay is $4.51. This amount is applied to the subtotal, but given the potential error in the subtotal, the tax calculation may also be incorrect if based on an inaccurate subtotal.
4. Final Total:
- The final total is $59.71, which seems unusually low compared to the expected subtotal of $272.00 (if the quantity were correctly applied).
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Solution Explanation:
To resolve the discrepancies and provide a corrected analysis:
1. Correct Subtotal Calculation:
- Assuming the quantity of 4 is correct, the subtotal should be:
\[
\text{Subtotal} = 4 \times \$68.00 = \$272.00
\]
2. Recompute Sales Tax:
- If the correct subtotal is $272.00, the sales tax should be recalculated based on the applicable tax rate. However, the tax rate is not explicitly stated in the receipt. For now, we'll assume the tax rate remains consistent with the original calculation.
3. Adjust for Refund:
- The refund of $-12.80 should be subtracted from the adjusted total after recalculating the subtotal and tax.
4. Final Corrected Total:
- Using the corrected subtotal of $272.00:
\[
\text{Corrected Total} = \text{Subtotal} + \text{Sales Tax} - \text{Refund}
\]
- Assume the tax rate is consistent with the original calculation (e.g., \( \frac{\$4.51}{\$68.00} \approx 6.63\% \)):
\[
\text{Sales Tax} = 6.63\% \times \$272.00 \approx \$18.05
\]
- Apply the refund:
\[
\text{Corrected Total} = \$272.00 + \$18.05 - \$12.80 = \$277.25
\]
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Final Answer:
The receipt contains a discrepancy in the subtotal calculation. Assuming the quantity of 4 is correct, the corrected total should be:
\[
\boxed{277.25}
\]
If further clarification is needed regarding the tax rate or refund reason, additional information would be required.
Parent Tip: Review the logic above to help your child master the concept of print invoice from ebay.