User Account

All Pages

What the inventory of benches will be reported

Assignment Help Accounting Basics
Reference no: EM132815439

Question - On April 1, Heavy Metal Corp. consigned 50 handcrafted benches to Disco Co. Heavy Metal's cost was $350 per bench. Total freight costs were $700, which were paid by Disco. On August 1, Heavy Metal received a cheque for $14,100 from Disco which included the following information:

Number of units sold: 20

Expenses deducted:

Freight: $700

Commission (20% of sales price) ?

Advertising $450

Delivery $290

What the inventory of benches will be reported on whose statement of financial position and at what amount?

Reference no: EM132815439

Questions Cloud

What is the after-tax cost of debt for smith company : The bonds make semiannual payments. What is the before tax cost of debt? If the tax rate is 40%, what is the after-tax cost of debt?
What is the market risk premium : A stock has an expected return of 14.17 percent. The beta of the stock is 1.5 and the risk-free rate is 5 percent. What is the market risk premium
What are the unique contributions you could make to a team : As you think about yourself as a teacher, regardless of the level at which you teach, plan to teach, or the subject in which you are specializing.
Women liberation movement and feminist activism successful : Part of what made the 1970s women's liberation movement and feminist activism successful was the way it spread so widely across the United States
What the inventory of benches will be reported : What the inventory of benches will be reported on whose statement of financial position and at what amount
What is staley co degree of operating leverage : What is Staley Co.'s degree of operating leverage (DOL) at this sales volume (i.e., at 580 units)? (Round your answer to three decimal places.)
Define how your completed lesson plan is appropriate : In 250-500 words, rationalize your instructional choices specific to the activity and aligning strategies. Be sure to address how your completed lesson plan.
What estimated total cash collections by fresplanade co : What estimated total cash collections by Fresplanade Co. during November from collection of accounts receivable is? 3% collected in the third month after month
Calculate the levered beta of the privately owned : You are valuing a privately owned consumer goods company. Calculate the levered beta of the privately owned consumer goods company

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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