Calculate the amount of net sales revenue

Assignment Help Accounting Basics
Reference no: EM133014638

Question - Weston Jewelers uses the perpetual inventory system. On April? 2, Weston sold merchandise with a cost of $1,135 for $1,986 to a customer on account with the terms 3?/15, ?n/30. Weston paid $125 for delivery of the merchandise. Calculate the amount of net sales revenue.? (Round any intermediary calculations and your final answer to the nearest? dollar.)

A. $1,986

B. $1,926

C. $2,111

D. 1135

Reference no: EM133014638

Questions Cloud

Develop employees and leaders to keep sustainability : How could businesses more efficiently develop employees and leaders to keep sustainability at the top of mind with everything they do?
Estimate the average length of the firm : Estimate the average length of the firm's short-term operating cycle. How often would the cycle turn over in a year
Hs440 finance for healthcare : How might the three steps of capital investment financial analysis (cash flow estimation, project risk assessment, and cost of capital estimation) influence a h
How transformational leaders can initiate change : Describe how transformational leaders can initiate change that involves one or more of the concepts. Provide additional insights relating to leadership within t
Calculate the amount of net sales revenue : On April? 2, Weston sold merchandise with a cost of $1,135 for $1,986 to a customer on account. Calculate the amount of net sales revenue
Context of a company operation : Put yourself in the shoes of a manager and explain what this definition means in the context of a company operation.
What is the maximum deduction from employment income : What is the maximum deduction from employment income for tax purposes available to O in the current year
What amount of agricultural produce should company report : If the plants are considered as bearer plant with singular purpose, what amount of agricultural produce should the company report in the 2026
What is the maximum price that would be willing to pay : What is the maximum price that the Electronic Division would be willing to pay to the Assembly Division for one square metre of special integrated circuit board

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explanation of revenue recognition rules

Explanation of Revenue Recognition rules

  Calculate the amount of net income for the year

Newton Corporation entered into the following transactions during its first year of operations. The amount of net income for the year was

  Prepare the formal financial statements

Why is it necessary to prepare the formal Financial Statements if all the data are on the Adjusted Trial Balance?

  Determine michael don capital at june

Michael Don owns an equipment hire business, Make a statement of changes in Equity for the year and determine Michael Don's capital at 30 June 2018?

  What is cash equivalents

What is cash equivalents? What should be used as the initial measurement of accounts receivable? Explain perpetual inventory system

  Discuss generally accepted accounting principles

Why are externally presented reports required to be prepared according to generally accepted accounting principles while internally

  Explain the development of abstract expressionism

Explain the development of Abstract Expressionism in post-World War II America

  Compute the price and efficiency variances for direct materi

Compute the price and efficiency variances for direct materials and direct labor. Does the pattern of variances suggest All-Star Fender's managers have been making trade-offs? Explain.

  What is the total cash flow from closing down the project

The new factory is expected to increase Cartman's annual underwear sales by $2,500,000. What is the total cash flow from closing down the project

  Calculate percentage tax due

Calculate Percentage Tax Due. P20,000 represents revenue from the first quarter and the balance of 80,000 represents receipts from income earned

  Prepare necessary adjusting entries at december 31 to

the following are selected 2010 transactions of franco corporation.jan. 1 purchased a small company and recorded

  By using long-term financing to finance part of temporary

by using long-term financing to finance part of temporary current assets a firm may have less risk but lower returns

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