The cost of the merchandise sold

Assignment Help Accounting Basics
Reference no: EM13683272

June 2. Salinas Company sold merchandise on account to Brokaw Company, $19,300, terms FOB shipping point, 1/10, n/30. Salinas Company paid freight of $340, which was added to the invoice. The cost of the merchandise sold was $12,200.

Reference no: EM13683272

Questions Cloud

Compute the linear charge density of the wire as gauged : Presume electrons move through a copper wire at speed v. Call the linear charge densities in the Earth reference frame Ep for the fixed positive ions in the wire and En for the (negative) electrons.
Determine how fast does the water move through the nozzle : A garden hose of inner radius 0.6 centimeter carries water at 1.2 meter per second. Find how fast does the water move through the nozzle
Rocket is fired vertically upward from the surface of earth : A rocket with a mass of 53,000 kg (including fuel) is burning fuel at the rate of 150 kg/s and the speed of the exhaust gases is 6,000 m/s. If the rocket is fired vertically upward from the surface of the Earth, decide its height after 901 kg of its ..
Evaluate what is the level at given distance : At 28 millimeters from a sound source, the intensity level is 70 dB. Determine what is the level at distance of 75 meter
The cost of the merchandise sold : The cost of the merchandise sold
Evaluate what is its initial acceleration : A piece of metal is released under water. The volume of the metal is 38.1 cm3 and its specific gravity is 5.1. Evaluate what is its initial acceleration
What is the yellow book : What is the Yellow Book, and why has it influenced audits both of state and local governments and of not-for-profit organizations?
Suggest ways your corporation might deal with this issue : Choose one of these issues and, based on your reading for the week, write two or three paragraphs in which you suggest ways your corporation might deal with this particular issue.
Determine the pressure increase : At the surface of a freshwater lake the pressure is 106 kPa. Determine the pressure increase in going 34.9 meter below the surface

Reviews

Write a Review

Accounting Basics Questions & Answers

  At date of his death l owned stock in m corporation the

at date of his death l owned stock in m corporation. the stock was acquired 5 years ago at a cost of 12000 and it has a

  Determining the relevant cost

The resale value of the existing stock of the material is 5.45 per liter. New stocks of the material can be readily purchased for 6.20 per liter. What is the relevant cost of the 880 liters of the raw material when deciding how much to bid on the ..

  The board of directors declared a 2 per share cash divided

the board of directors declared a 2 per share cash divided on common stock and the corporation had 5000 share

  Assume that felde company sells the same number of units in

felde company had 140030 of net income in 2011 when the selling price per unit was 160 the variable costs per unit were

  What is the net income for this firm

Papa Roach Exterminators, Inc., has sales of $432,000, costs of $210,000, depreciation expense of $25,000, interest expense of $8,000, and a tax rate of 35 percent. What is the net income for this firm?

  Freds fasteners is a manufacturing company that has decided

freds fasteners is a manufacturing company that has decided they are large enough to choose to be self-insuring for

  Hiawatha has the following long-term capital gains and

hiawatha has the following long-term capital gains and losses for 2011 45000 28 gain 53000 28 loss 18000 25 gain and

  Debate the necessity of preparing formal financial

debate the necessity of preparing formal financial statement if all of the data are in the statement columns of the

  Aqua inc in business since 2008 makes swim wear for

aqua inc in business since 2008 makes swim wear for profession alathletes. analysis of the firms financial records for

  Problem on annual cost per salesperson

You are thinking of hiring 10 more salespeople. The annual cost per salesperson (including salary and benefits) is $120,000. In addition, each salesperson receives as a bonus 10% of the sales he or she generates. How much should your market share ..

  On april 30 2012 one year before maturity red products inc

on april 30 2012 one year before maturity red products inc. retired 150000 of 8 bonds payable at 103. the book value of

  Expenses treated on current year tax return

Kathy is a self-employed taxpayer working exclusively from her home office. Before the home office deduction, Kathy has $3,000 of net income. Her allocable home office expenses are $5,000 in total. How are the home office expenses treated on her c..

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