User Account

All Pages

Adjusted net profit of katty perry

Assignment Help Accounting Basics
Reference no: EM133266958

Katty Perry Marketing & Sales had the following unadjusted net profit for fiscal year ended, July 31, 2022: P3,450,000. During the audit, it was discovered that there were accounts to be adjusted specifically: (1) Of the P128,000 Supplies, 30% was used; (2) Unrecorded sales returns P18,700; (3) Accrued salaries of salesmen P42,600; (4) Unrecorded credit purchases net of trade discounts, P22,400; (5) overstated depreciation of P32,900 and (6) unrecorded merchandise purchased: FOB destination, P35,000. How much was the adjusted net profit of Katty Perry?

Reference no: EM133266958

Questions Cloud

Should governments be expected to be model employers : PADM 704 Liberty University Should governments be expected to be model employers, even if this means higher labor costs and more procedural protection
Acquisition of treasury shares : The Statement of Shareholders' equity of Bubble Gone Corporation (BGC) presented the following data on 2021. Ordinary shares, P10 par, 400,000 shares authorized
Determine the brandon contribution : On July 1, 2021, Brandon, Brat and Brei agreed to form a partnership. The partnership agreement specified that Brandon is to invest cash of P700,000; Brat contr
What was the entry on february 26 on the part of lee ji-eun : On February 17, 2022, Lee Ji-Eun sold merchandise to Cha Eu-Woo for P120,000 list price. Terms: 15%, 5%, 2/10, 1/15, n/30. The shipping cost was P3,000 with te
Adjusted net profit of katty perry : Katty Perry Marketing & Sales had the following unadjusted net profit for fiscal year ended, July 31, 2022: P3,450,000. During the audit, it was discovered that
Critique quality of the literature reviews conducted : Critique quality of the literature reviews conducted for two different types of studies- a quantitative and qualitative research
Compare and contrast the unitarist : HR 456 Zayed University Abu Dhabi Compare and Contrast the Unitarist/Unitarism and Pluralist/Pluralism in the Employee Relations.
What basis does sandy have in the corporation : Sandy and Danny form Rydell Corporation. Sandy transfers property worth $175,000 (basis of $83,000) for 700 shares in the corporation. Danny receives 300 shares
Explain the impact that changing social norms at the state : HCS/455 University of Phoenix Explain the impact that Changing social norms at the state level can have on changing health care policy.

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