Summary Method
With the summary method, container management calculates the net quantity and amount for the transactions that occur in a period and issues an invoice or refund based on the total outcome.
In this example, the first return and delivery is an even exchange for the customer. The second exchange (on 01/15/03) is not. The summary method enables the customer to make these exchanges without being charged. The only criteria for being charged an additional deposit is that the delivered quantity is more than 5,000 containers.
This table displays a customer transaction record:
Description |
Date |
Quantity |
Rate (USD) |
Amount (USD) |
|---|---|---|---|---|
Initial Deposit |
1-Jan-00 |
5,000 |
20.00 |
100,000.00 |
Returned |
10-Jan-00 |
(500) |
na |
na |
Delivered |
10-Jan-00 |
500 |
na |
na |
Returned |
15-Jan-00 |
(1,000) |
na |
na |
Delivered |
15-Jan-00 |
800 |
na |
na |
Returned |
25-Jan-00 |
(800) |
na |
na |
Delivered |
25-Jan-00 |
1,000 |
na |
na |
Balance |
na |
5,000 |
na |
100,000.00 |