Reference no: EM132937992
Questions -
Q1) On August 5,2019, ABC Company sold P 500,00 worth of inventories with trade discounts of 10%,15%,25%, terms: 2/10,n/30. How much cash was received by ABC Company if on August 7, 2019, there were sales returns of P 25,000 and the customer paid on August 14,2019? Assume the company uses the allowance method to account for their sales discount.
Q2) As of January 1, 2020 , ABC Company has an accounts receivable balance of P 750,000. During the year, P 200,000 of the accounts receivable were assigned for a bank loan applied of P 100,000 and P 300,000 were factored with a factoring fee of 5% and 10% were withheld for any anticipated sales returns. Collections from the assigned accounts of P 50,000 were in this was applied first to interest of P 7,000 by ABC Company under non-notification basis. Also, there are sales returns of P 2,000. How much accounts receivable must be presented as of December 31, 2020, assuming only the above transactions happened during the year?
|
What is the balance in the supplies expense account
: Yard Professionals Inc. experienced the following events in 2018, What is the balance in the Supplies Expense account as of January 1, 2019?
|
|
What amount of gain or loss on transfer company recognize
: The fair value of the property is P5,000,000 while its carrying value was P4,800,000. What amount of gain or loss on transfer should the company recognize
|
|
International human resource management
: Appraisal system in international human resource management
|
|
How the four bioethical principles should guide budgetary
: Explain how the four bioethical principles should guide budgetary decisions in the public health realm. The bioethical principles are autonomy, beneficence, mal
|
|
How much accounts receivable must presented as of December
: How much accounts receivable must be presented as of December 31, 2020, assuming only the above transactions happened during the year
|
|
Health and safety practices at workplace
: Discuss three benefits of following health and safety practices at workplace?
|
|
How relates to human resources topics in the class
: Human Resources Management Please help me in yourword & research.
|
|
What is amount of net cash flow from operating activities
: What is the amount of net cash flow from operating activities for 2018? What is the balance of accounts receivable at the end of 2018?
|
|
Perspective of an educator
: Q. Using the scientific literature as a guide, what would you tell parents who wish to know if the routine use of physical punishment is a necessary and accepta
|