Merchandise invoiced at 8500 is sold on terms 110 n30 if

Assignment Help Accounting Basics
Reference no: EM13590246

Merchandise invoiced at $8,500 is sold on terms 1/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales? (Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13590246

Questions Cloud

Aswer the following questions relating to percentages : answer the following questions relating to percentagesi. convert the fraction 2350 to an equivalent percentage.ii.
An employee earns 18 per hour and 1 12 times that rate for : an employee earns 18 per hour and 1 12 times that rate for all hours worked in excess of 40 hours per week. assume that
Cansela corporation uses a periodic inventory system and : cansela corporation uses a periodic inventory system and the lifo method to value its inventory. the company began 2013
What is the net flux of electric field fe emerging from one : question a pyramid has a square base and four faces which are equilateral triangles. a charge q is placed on the center
Merchandise invoiced at 8500 is sold on terms 110 n30 if : merchandise invoiced at 8500 is sold on terms 110 n30. if the buyer pays within the discount period what amount will be
A 3140 molal solution of nacl is prepared how many grams of : a 3.140 molal solution of nacl is prepared. how many grams of nacl are present in anbspsample containing 3.000 kg of
Prepare a partial balance sheet for holmes at december 31 : on december 31 2014 kate holmes company has 7086800 of short-term debt in the form of notes payable to gotham state
A solid sphere is released from rest on an incline when it : a solid sphere is released from rest on an incline. when it reaches the bottom what fraction of its total kinetic
Clark paints the production department has been : clark paints the production department has been investigating possible ways to trim total production costs. one

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem regarding effective interest method

Quail issued $200,000 of its 10-year 12% bonds for $224,924 on October 1, 2010. The effective rate on the bonds was 10% and interest is paid each October 1 and April 1. Assuming Quail uses the effective interest method, the adjusting entry on Dece..

  Hennings travel company specializes in the production of

hennings travel company specializes in the production of travel items clocks personal care kits. the following data

  Lowe manufacturing co warrants its products for one year

lowe manufacturing co. warrants its products for one year. the estimated product warranty is 4 of sales. assume that

  How should clyde treat payment on his 2010 tax return

This is a tax research problem - Clyde had work for many years as the chief executive of Red Industries, and had also been a major shareholder. Clyde and the company had a falling out, and Clyde was terminated.

  Hedging-selecting correct futures hedge

You're a US company with a customer that is going to pay you 10,000 Euros in six months. The correct futures hedge for this condition is to enter in a contract in which you buy Euros (True or False)

  The following data have been recorded for recently

the following data have been recorded for recently completed job 674 on its job cost sheet. direct materials cost was

  Identify and explain a business crisis situation and the

organizations are susceptible to an array of crises. there are different types of threats with no one way to manage

  For each semiannual period compute a the cash payment b the

heathrow issues 2500000 of 6 15-year bonds dated january 1 2013 that pay interest semiannually on june 30 and december

  What is the annual net income

The equipment will have an initial cost of $400,000 and have a 5 year life. If the salvage value of the equipment is estimated to be $75,000, what is the annual net income?

  The warbler jeans company produces two different types of

the warbler jeans company produces two different types of jeans. one is called the simple life and the other is called

  What amount of cash should be reported

Modern Mother Magazine has received cash subscriptions on April 1, 2009 in the amount of $3,600,000 for the next three years. Their year-end is December 31, 2009.

  Write out the team business problem or research question

Obtain one (1) peer-reviewed (scholarly) article that is unique  from your teammates, and relevant to the business problem  or research question.  Write out the team business problem or research  question

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