Computation of total cash

Assignment Help Financial Accounting

Reference no: EM1314802

Short Description: Computation of total cash received from the selling of merchandise.

First company sold merchandise on credit to second company for $1,000 on July 1, with terms of 2/10, net/30. On July 6, second returned $200 worth of merchandise claiming the materials was defective. On July 8, first received a payment from second and credited Accounts receivable for $450. On July 24, second company paid remaining balance on their account. What was the total cash received from second during July?

Reference no: EM1314802

Questions Cloud

Additional easement area : What concept is illustrated if the additional easement area is acquired and What is the indicated value of the residential density (expressed on a Price per Far basis) in this market?

Determining profit maximization level of monopolist : Draw a graph showing hte above situation. Include in that graph, the monopolist's cost curves, demand and marginal revenue curves and the price and quantities that are indicated by the situation described above.

Objective type questions on conversion price of share : Objective type questions on Conversion price of share and bond valuation and a debenture holder can exchange a bond for 25 shares of common stock

Profit maximization level of monopolist : A pure monopolist determines that at the current level of output the marginal cost of production is $2.00, average variable costs are $2.75, and average total costs are $2.95.

Computation of total cash : Computation of total cash received from the selling of merchandise - What was the total cash received from second during July

What is the maximum distance that the plane : An inductor used in a dc power supply has an inductance of 13.0 H and a resistance of 230 Omega. It carries a current of 0.210 A. What is the energy stored in the magnetic field? At what rate is thermal energy developed in the inductor? Does your rep..

Identify the key qualitative factors : Identify the key qualitative factors that HMI management should consider with respect to mis special order

Determining the profit maximizing output : A price-discriminating monopolist of the 3 rd degree sells output in 3 different markets. Some, but not all pairs on the 3 linear market demand curves are given below.

By how much does the wire stretch : A golf ball strikes a hard, smooth floor at an angle of θ = 31.6°, rebounds at the same angle. The mass of the ball is 0.043 kg, and its speed is 45m/s just before and after striking the floor. What is the magnitude of impulse applied to the golf bal..

User Account

All Pages