User Account

All Pages

Calculate the amount of gross profit

Assignment Help Accounting Basics
Reference no: EM133029817

Question - High Quality Jewelers uses the perpetual inventory system. On March? 3, High Quality sold merchandise for $75,000 to a customer on account with terms 2?/15, ?n/30. The cost of goods sold was $30,000. On March? 18, High Quality received payment from the customer. Calculate the amount of gross profit.

a. 43,500

b. 73,500

c. 30,000

d. 45,000

Reference no: EM133029817

Questions Cloud

Explain the impact of turing machines : Explain the impact of Turing Machines on Computer Science - Explain how the number of bits used for the mantissa and exponent relates to the range the precision
What amount of income from investment should Dole report : -Assume Dole elects the fair value option for its investment in Ferfoglia. What amount of income from investment should Dole report for 2020
How much would be the MIRR to ALN Foods : The expected free cash flow of the project are a 4-year annuity of Rs. 37,17,39,000. How much would be the MIRR to ALN Foods
How quickly will your company be paid in cash : Currently, you have a lot of accounts receivables on your books, but can not wait to be paid. How quickly will your company be paid in cash
Calculate the amount of gross profit : The cost of goods sold was $30,000. On March? 18, High Quality received payment from the customer. Calculate the amount of gross profit
Performance and skills assessment : Manage project information and communication on at least two occasions - Preparing a communication plan to liaise with stakeholders
Define recruitment and selection : -Define Recruitment and Selection. Explain how the two differ from one another and why they are important to an organization.
What are the characteristics of a government organization : What are the characteristics of a government organization? What is entity in charge of creating and ensuring accounting standards for government organizations
Research on the society for human resource management : Conduct research on the Society for Human Resource Management (SHRM). What is the role of this organization and its purpose as it relates to the guidance it pro

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd