User Account

All Pages

Compute the cash collected

Assignment Help Accounting Basics
Reference no: EM133129163

Question - Affectionate Company sold merchandise on account for P500,000. The terms are 3/10, n/30. The related freight charge amounted to P10,000. The account was collected within the discount period.

Required -

1. Compute the Cash collected if FOB destination and freight collect.

2. Compute the Cash collected if FOB destination and freight prepaid.

3. Compute the Cash collected if FOB shipping point and freight collect.

4. Compute the Cash collected if FOB shipping point and freight prepaid.

Reference no: EM133129163

Questions Cloud

How aggressive their status in the market : 1. What are the products and services that they produce and provide for society? 2. How aggressive their status in the market?
Government involvement in the markets : Do you agree with Keynes' assessment that wage-price rigidity requires the government's involvement in the markets? On this theory, I'm 50/50 that the governmen
What is importance of deposit insurance premiums for banks : What is the importance of deposit insurance premiums for banks? What are the risk management activities undertaken by central banks to sustain economic growth
Cost of producing the first n goods : 1) The price of the nth good on the supply curve tells you the cost of producing the first n goods.
Compute the cash collected : The terms are 3/10, n/30. The related freight charge amounted to P10,000. Compute the Cash collected if FOB destination and freight collect
Establishing a minimum wage for employees : Rittenberg & Tregarthen (2014) explains that "Rigidity of other prices becomes easier to explain in light of the arguments about nominal wage stickiness. Since
Profit-maximizing managers : "When the price of a firm's product falls, the profit on each unit also falls. Accordingly, profit-maximizing managers increase their production in order to inc
What is an import-substituting industrialisation policy : What is an import-substituting industrialisation policy? Why was it recommended by the structuralists?
Determine the sales level in dollars for computers division : Mad City Flash sells computers and video game systems. Determine the sales level, in dollars, for Computers division at the break-even point

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