User Account

All Pages

Determine the amount of the sale

Assignment Help Accounting Basics
Reference no: EM132815887

Question - Merchandise is sold on account to a customer for $16,100, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $380.

Required -

a. Determine the Amount of the sale?

b. Determine the Amount debited to Accounts Receivable?

c. Determine the Amount received within the discount period?

Reference no: EM132815887

Questions Cloud

What roles can nutrition play in preventing the disorder : Using approximately 400-500 words, describe a medical condition that can develop during pregnancy. What roles can nutrition play in preventing this disorder?
Why do think the type of toxicant is used : What category of toxicants do you believe most biological warfare agents fall under? Why do you think this type of toxicant is used?
Explain the importance of diversity awareness : Explain the importance of diversity awareness when encountering a client through self-reflection activity. Two pages. The response must be typed, single spaced.
What is the expected dividend amount : A preferred stock's price is $ 43.14 with an expected return of 21.07 %. What is the expected dividend amount?
Determine the amount of the sale : Merchandise is sold on account to a customer for $16,100, terms FOB shipping point, 2/10, n/30. Determine the Amount of the sale
Identify a toxicant that causes reproductive toxicity : Not limiting yourself to the chemicals that are mentioned in the assigned reading, identify a toxicant that causes reproductive toxicity
Identify three proposed interventions for your program : Identify at least three proposed interventions for your program. What is the purpose and objective of each proposed intervention?
Briefly describe the environmental issue and history : Identify two to three major stakeholders, such as local residents and groups interested in the issue, and briefly describe the problem
Average annual growth rate of maria salary : 22 years ago, Maria's annual salary was $39,460. Today, she earns $84,986. What was the average annual growth rate of Maria's salary?

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