Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Describe about chain discount?
Occasionally the list price of a product is subject to several trade discounts this series of discounts is a chain discount. Chain discounts survive for instance when a wholesaler receives two trade discounts for services performed such as packaging and distributing. When in excess of one discount is given the buyer applies every discount to the declining balance successively. If a product has a list price of USD 100 as well as is subject to trade discounts of 20 per cent and 10 per cent the gross selling price (invoice price) would be USD 100 - 0.2(USD 100) = USD 80; USD 80 - 0.1(USD 80) = USD 72 computed as follows
List price $100
Less20% - 20 $ 80Less 10% ¦ 8Gross selling price (invoice price) $ 72
You could get the same results by multiplying the list price by the complements of the trade discounts allowed. The complement of 20 percent is 80 percent for the reason that 20 percent + 80 percent = 100 percent. The complement of 10 percent is 90 percent for the reason that 10 percent + 90 percent = 100 percent. therefore the gross selling price is USD 100 X 0.8 X 0.9 = USD 72.
Q. Salary potential of accountants? Selecting a major represents much additional than the choice of courses a student takes in college. To a significant degree, the student's m
A good purchased for $480 sells for $700. If the store's operating expenses are 30% of cost, what is the percentage markup on cost? A. 1.5% B. 10.57% C. 15.83% D. 4
what are special journals
Q. Describe about ledger? A ledger (general ledger) is the absolute collection of all the accounts of a company. The ledgers are feasibly in a bound volume in, loose-leaf form
Q. Valuation of ending inventory? First a merchandising company should be sure that it has properly valued its ending inventory. If the resulting in an ending inventory is over
Controller: Controller another name for Chief Accountant is generally the head of the whole region of accounting, including internal audit. He is generally in charge of all types
Windsor Company will receive $100,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $100,000 receipt is ? Answer: PV = FV (PVIF) = $100,000 x 0.5132
Balance Sheet Classi?cations and Relationships Shelley and Co. has the following balance sheet elements as of December 31, 2012. Land. . . . . . . . . . . . . . . . . . . . . . . $
What is the typical time span for long-range plans? A. More than 1 year C. 3-5 years B. 2-3 years D. About 25 years
Received $170,000 cash from Electronic Arts, Inc. for service revenue earned in January.
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd