On march 1 2011 joe miles purchased a suit at calvins fine

Assignment Help Accounting Basics
Reference no: EM13591156

On March 1, 2011, Joe Miles purchased a suit at Calvin's Fine Apparel Store. The suit cost $250 and Joe used his Calvin credit card. Calvin charges 2% per month interest if payment on credit charges is not made within 30 days. On April 30, 2011, Joe had not yet made his payment. What entry should Calvin make on April 30th?

Reference no: EM13591156

Questions Cloud

Should the government mandate minimum standards for : discuss some types of personal information that companies collect from their customers and discuss what they are used
A firms cash dividends were 396 per share of common stock : a firms cash dividends were 3.96 per share of common stock for calendar 2008. in 2009 the stock was split 3 for 1 and
How do dividends impact the value of a share of stock are : 1. what are some of the most important risks associated with bonds?2. how do dividends impact the value of a share of
Shipshape company makes 2 different types of boats : shipshape company makes 2 different types of boats commercial fishing and sail boats both for recreation and
On march 1 2011 joe miles purchased a suit at calvins fine : on march 1 2011 joe miles purchased a suit at calvins fine apparel store. the suit cost 250 and joe used his calvin
Work in process inventory was 12000 at january 1 and 15000 : lopez corporation incurred the following costs while manufacturing its product. material used in a product - 120000
You are the cfo of diversied industries diversied has : you are the cfo of diversi?ed industries. diversi?ed has suffered through 4 or 5 tough years. this has deteriorated its
The optimal distribution policy strikes that balance : the optimal distribution policy strikes that balance between current dividends and capital gains that maximizes the
You were hired as a consultant to giambono company whose : you were hired as a consultant to giambono company whose target capital structure is 40 debt 15 preferred and 45 common

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.

  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!

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