User Account

All Pages

What was the amount for net purchases

Assignment Help Accounting Basics
Reference no: EM133177507

Question - Assuming the periodic inventory system is used for the current year, the following data were taken from the accounting records:

Purchases $250,000

Purchase returns and allowances $5,000

Discount received $2,000

Freight-in $4,000

Beginning inventory $45,000

Ending inventory $65,000

Required - What was the amount for net purchases?

Reference no: EM133177507

Questions Cloud

Prepare the journal entries required on each of the data : The company uses straight-line depreciation for delivery vehicles, Prepare the journal entries required on each of the data
Explain the difference between a joint and a by-product : Actual output is 62,000 kilos with closing work in progress at the end of the period being 6,000 kilos - Explain the difference between a Joint and a By-product
Case study-union vs fiji airways : An email from the Fiji Flight Attendants Union (FFAU) to Fiji Airways constituted an internal appeal, the union's lawyer has told the High Court in Suva.
Designing and presenting a training workshop : Identify and describe the steps involved in designing and presenting a training workshop and Explain the steps involved for building a proactive
What was the amount for net purchases : Assuming the periodic inventory system is used for the current year, Purchases $250,000. What was the amount for net purchases
What will attract these new graduates : What will attract these new graduates when they enter the working world. Should include articles.
Mitigate employee resistance : How does employee resistance to change affect the success of innovation, and explain what leaders can do to mitigate employee resistance?
How much is the interest payment in december : On January 1, 2022 an entity issued two-year 10% 1,500,000.00 face value bonds for a price. How much is the interest Payment in December
Explain what the various and maybe typical options : Explain what the various and maybe typical options are as to whom may manage and oversee the laundry operation or department in a hotel

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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