Baucom company accepted credit cards in payment for 6850 of

Assignment Help Accounting Basics
Reference no: EM13482886

Baucom Company accepted credit cards in payment for $6,850 of merchandise sold during March 2012. The credit card company charged Baucom a 3 percent service fee. The credit card company paid Baucom as soon as it received the invoices. Cost of goods sold amounted to $3,800. What is the amount of net income earned during the month of March?

Reference no: EM13482886

Questions Cloud

Based on the above information calculate the amount that : e8-2 inventoriable costs in your audit of jose oliva company you find that a physical inventory ondecember 31 2014
Identify each of the following organizational : identify each of the following organizational characteristics with the organizational form or forms with which it is
Now assume that the company can increase the capacity by : arney toy company manufactures large and small stuffed animals. it has a long-term contract with a large chain of
Chess company uses lifo for inventory costing and reports : chess company uses lifo for inventory costing and reports the following financial data. it also recomputed inventory
Baucom company accepted credit cards in payment for 6850 of : baucom company accepted credit cards in payment for 6850 of merchandise sold during march 2012. the credit card company
The accrual basis four winds partnership owned and operated : the accrual basis four winds partnership owned and operated three storage facilities in milwaukee wisconsin. the
What do we mean by amortization suppose a loan is being : what do we mean by amortization? suppose a loan is being amortized. what would happen over time to the size of the
The future value of 500 invested at 8 percent for one year : find the following values for a lump sum assuming annual compounding the future value of 500 invested at 8 percent for
A company that operates a resort hotel has a monthly : a company that operates a resort hotel has a monthly mortgage payment of 8000. the last payment was made on december 15

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.

  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!

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