User Account

All Pages

Compute the net delivered cost of purchases for kisling inc

Assignment Help Accounting Basics
Reference no: EM133129565

Question - On June 30 the general ledger of Kisling, Inc., had the following balances:

Purchases $46,020 Dr.

Freight In 3,396 Dr.

Purchases Returns and Allowances 3,930 Cr.

Purchases Discounts 641 Cr.

Accounts Payable 15,300 Cr.

Required - Compute the net delivered cost of purchases for Kisling, Inc.

Reference no: EM133129565

Questions Cloud

What is the liquidation value of Magic Homes : A sale of assets is expected to bring P3 million after all costs and taxes. What is the liquidation value of Magic Homes
What amount should be recorded as gain on distribution : The quoted price of APP share is P130 on October 31, 2020, P150 on December 31, 2020 and P100 on March 31, 2021. What amount should be recorded as gain
Create a prototype of a stand-alone website : Create a prototype of a stand-alone website for a desktop computer. Design your website to be rendered by a web browser to fit a desktop computer display
How much will the discount be : A company makes a purchase for $320 on December 1, terms 3/5 n/30. How much will the discount be if the amount paid on December 16
Compute the net delivered cost of purchases for kisling inc : On June 30 the general ledger of Kisling, Inc., had the following balances: Purchases $46,020 Dr. Compute the net delivered cost of purchases for Kisling Inc
What is estimated ending inventory : Purchases during the year total $172,500. Net sales are $345,000. If the usual gross profit rate is 55%, what is estimated ending inventory
Journalise the business accrual of interest expense : Journalise the business (a) accrual of interest expense on 31 December 2016 and (b) payment of the note plus interest on 30 June 2017
What is the materials price usage variance : The current variable manufacturing overhead rate is P 3 per labor hour. What is the materials price usage variance
Investigate the small nucleotide polymorphisms database : Investigate the small nucleotide polymorphisms database (dbSNP) for variations in Nudix hydrolase 15 - How many variations have been found in this human gene

Reviews

Write a Review

Accounting Basics Questions & Answers

  Annapolis corporation''s statement of cash flows

Annapolis Corporation paid $270,000 to retire bonds with a face value of $300,000 and a book value of $290,000.

  Determine Rebas federal income taxes

Required - Determine Reba's federal income taxes due or taxes payable for the current year. Use Tax Rate Schedule for reference

  Compute return on investment

ZNet Co. is a web-based retail company. The company reports the following for 2015. Compute return on investment for 2015

  Use the following information to complete phillip and

required use the following information to complete phillip and claire dunphys 2011 federal income tax return. if

  Prepare an income statement for the company for the month

Prepare an Income Statement for the company for the month of January and also prepare a Statement of Owner's Equity.

  Calculate bell income from demers

Assume the equity method is applied. Compute Bell's income from Demers for the year ended December 31, 2008.

  Woolen textile had an annual turnover

The Woolen textile had an annual turnover of INR 8 billion with poor profitability." what does INR stand for and what does it mean in plain English?

  Compute the depreciation expense

On October 1, 2021, Holt Company places a new asset into service. Compute the depreciation expense for 2021 if Holt Company uses the straight line method

  What is the net present value

What is the net present value (NPV) of this investment? Should Sampson Corp buy the equipment based on NPV? Justify your decision

  Cooper electronics uses npv profiles to visually evaluate

cooper electronics uses npv profiles to visually evaluate competing projects. key data for the two projects under

  Examine the nature and impact of financial statement audit

Examine the nature and impact of financial Statement audit on government budgetary responses to the Covid-19 pandemic.

  How this error affects its september financial statements

Fairfax Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process.

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