Illustrate what amount of revenue and cash flow resulted

Assignment Help Financial Accounting
Reference no: EM13131449

Merchandise inventory costing $20,000 was sold to customers for $28,000 cash. What amount of revenue and cash flow resulted from this transaction?

Reference no: EM13131449

Questions Cloud

Find probability that six cans will be between given value : The amount in each can and find the average, the probability that the average of the six cans will be between 11.9 and 12.1 oz equals which standard normal probability?
Identify which of the expenses are deductible and indicate : Identify which of the expenses are deductible, and indicate whether they are deductions for or from AGI.
What was bob realized gain on the sale : Bob owns a rental property that he bought several years ago for $260,000. He has taken depreciation on the house of $37,000 since buying it. e sells it in 2011 for $290,000. His selling expenses were $12,000 for the year. What was Bob's realized g..
Projects fund for a multi-year capital project : What journal entry should be made at the beginning of the fiscal year to reestablish the Encumbrances account of a capital projects fund for a multi-year capital project?
Illustrate what amount of revenue and cash flow resulted : Merchandise inventory costing $20,000 was sold to customers for $28,000 cash. Illustrate what amount of revenue and cash flow resulted from this transaction?
Prepare the journal entry for the purchase : On December 31, 2012, Faital Company acquired a computer from Plato Corporation by issuing a $600,000 zero-interest-bearing note, payable in full on December 31, 2016.
Debited to construction expenditure : In late June, the Everest Construction Co. submitted a progress billing on a construction contract for $500,000. On July 2, the bill was approved for payment, subject to a five percent retention, as provided by the contract. The amount that should..
What mass of solid la(io3)3 is formed : what mass of solid La(IO3)3 is formed when 50 ml of 0.250 M La are mixed with 75.0 ml of 0.302 M IO3-
Describe how you to simulate rolling the dice : You are one space short of winning a child's board game and must roll a 1 dice to claim victory. You want to know how many rolls it might take. Describe how you would simulate rolling the dice until you get 1.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate what is the amount of cash flows from operations

A company's cash flow on total assets ratio equals 16%. If average total assets equal $2,937,500 and total cash flows equal $600,000, illustrate what is the amount of cash flows from operations?

  Illustrate what was the original cost of the copier to john

Assuming the computer has an eleven-year life and will have no salvage value atthe expiration of the lease, illustrate what was the original cost of the copier to John? (b) What amountwould each payment be if the 11 annual payments are to be made ..

  Determine lindas total optional basis adjustment

Determine Linda's total optional basis adjustment? How much profit will Linda report as a result of the sale?

  Allocate costs incurred by solaris to appropriate columns

Without the buildings and improvements, the tract of land is valued at $1,890,000. Solaris also incurs the following additional costs: Allocate the costs incurred by Solaris to the appropriate columns and total each column.

  Determine the balance in the investment account

Determine the balance in the investment account after the shares had been sold What was the reported balance of Wells Investment in Wilson Co. at December 31, 2011?

  Can the loan be repaid as planned describe

In preparing the cash budget, assume that the $30,000 loan will be made in April and repaid in June. Interest on the loan will total $1,200. If the company needs a minimum cash balance of $20,000 to start each month, can the loan be repaid as plann..

  Evaluate the ratios for ford

Post information for at least two years. How does your corporation perform with value to these ratios?

  Calculate its markup percentage using variable-cost pricing

variable manufacturing overhead $18; fixed manufacturing overhead $42; variable selling and administrative expenses $14; and fixed selling and administrative expenses $28. Its desired ROI per unit is $30. Calculate its markup percentage using varia..

  Figure out the subsequent tax implications for bb

Figure out the subsequent Tax Implications for BB, Meaningful, American Red Cross, The Partnership and the Government. Income Tax and Gift Tax

  Illustrate what price for lemonade would equate

Using a theory of constraints (TOC) approach, rank the products in terms of profitability. Illustrate what price for lemonade would equate its profitability to that of soda?

  Computation of common stock dividend

Computation of Common stock dividend - the common stockholders should receive 2008 dividends totaling

  Illustrate what is the company earnings before interest

net sales of $720,000 a gross profit ratio of 35%, a times interest earned ratio of 4.23, and total assets of $1,300,417. Illustrate what is the company's earnings before interest and taxes?

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!

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