Purchases of goods or materials

Assignment Help Accounting Basics
Reference no: EM13987594

1. Explain how the cash proceeds of a share issue are calculated from knowledge of the share capital and the share premium reserve.

2. Explain how cash received from customers is calculated if we know the sales of the period and the receivables (debtors) at the start and end of the period.

3. Explain how the purchases of goods or materials is calculated if we know the cost of goods sold and the inventory (stock) at the start and end of the period.

4. Explain how the cash paid to suppliers is calculated if we know the purchases and the payables (creditors) at the start and end of the period.

Reference no: EM13987594

Questions Cloud

Amount of cash was raised issue of shares : The share capital account increased by £40m during Year 4. The share premium reserve increased by £20m. What amount of cash was raised by the issue of shares?
Amount spent on acquisition of equipment : The equipment at cost account at the start of Year 2 records a total of £34m. The equipment at cost account at the end of Year 2 records a total of £37m. An asset of original cost £5m was sold during the period. What was the amount spent on acquis..
Creating a budget : Creating a BudgetCreate a current or future budget for yourself using Microsoft Excel. The budget must include the following: Four fixed costs Four variable costsAny sources of income Balance upon completion
Amount of cash paid to suppliers : Purchases on credit during Year 3 amount to £20m. The trade payables (creditors) at the start of Year 3 were £6m. The trade payables (creditors) at the end of Year 3 were £4m. What is the amount of cash paid to suppliers during Year 3?
Purchases of goods or materials : Explain how the purchases of goods or materials is calculated if we know the cost of goods sold and the inventory (stock) at the start and end of the period.
What is the probability of randomly choosing red jelly bean : What is the probability of randomly choosing a red jelly bean from a jar containing 20 red, 23 green, and 7 black jelly beans
What happens to cash flow when working capital increases : 1. What happens to cash flow when working capital increases? 2. How is taxation paid calculated from the taxation payable and the taxation liability at the start and end of the period?
Find the value of the correlation coefficient : "Correlation and Regression"- Find the value of the correlation coefficient (r) and explain what that means in relationship to the problem. Find the equation of the least squares regression line
Effect on cash flow of increase in inventory levels : 1. What is the effect on cash flow of an increase in inventory levels? 2. What is the effect on cash flow of an increase in trade receivables (debtors)? 3. What is the effect on cash flow of an increase in trade payable..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Landon company paid washington company for merchandise with

landon company paid washington company for merchandise with a 3200 90-day 8 note dated may 10. if landon company pays

  Children-advertising, health-advertising

Consider the key persuasive techniques used in consumer advertising. Write a 350-word paper about critical issues that could arise from the following areas:

  Prepare journal entries for the above transactions

Prepare journal entries for the above transactions.

  Compute total prime costs for the month of march

The following information comes from the accounting records for Santa Cruz, Inc., for March: Compute Total prime costs for the month of March.

  What is the amount of self-employment tax

What is the amount of self-employment tax

  Taxpayer receives stock as a gift from his nephew the

1. joyce exchanges a machine used in her trade or business for another machine. in addition she gives 200 shares of

  The risk-free rate is 3 the market return is 10 the return

an analyst has modeled the stock of a company using a fama-french three-factor model. the risk-free rate is 3 the

  Compute the npv and eac for both the copiers do not include

office automation inc. must choose between two copiers the xx40 or the rh45. the xx40 costs 1100 and will last for 3

  Are there any associated implications for the profession

Many people believe that an auditor cannot be truly independent when the client pays the audit fees. Can you think of any possible solutions or approaches that might reduce this apparent lack of independence?

  Calculate the amount of the unrealized loss

Calculate the amount of the unrealized loss shownon ZZ, Inc.'s 2007 income statement.

  Adjusting entries when the accounts of constantine inc are

adjusting entries when the accounts of constantine inc. are examined the adjusting data listed below are uncovered on

  Roland carlson is the president founder and majority owner

roland carlson is the president founder and majority owner of thebeau medical corporation an emerging medical

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