User Account

All Pages

Find the net cash flow from these transactions for the month

Assignment Help Financial Accounting
Reference no: EM132969139

Question - During the month of June, the company made cash sales of $26,000 (excluding GST) and cash purchases of $34,000 (excluding GST). All sales and purchases were subject to 10% GST. Find the net cash flow from these transactions for the month?

a. $8,800 outflow

b. $7,273 outflow

c. $8,000 outflow

d. $7,200 outflow

Reference no: EM132969139

Questions Cloud

Compute the break-even point in units and sales dollars : Fixed costs are $250,000; selling price is $40; and variable cost is $30 per unit. Compute the break-even point in units and sales dollars
Compute the amount of inventory fire loss : Merchandise with a selling price of $30,000 remained undamaged after the fire, Compute the amount of inventory fire loss
Discuss the expected competitive dynamics : Discuss the expected competitive dynamics among firms competing in slow-cycle markets, fast-cycle markets, and standard-cycle markets.
Explain integration of the cultural elements : -Which transorganziation or inter-organization development intervention would be most effective considering the complexity of the situation?
Find the net cash flow from these transactions for the month : During the month of June, the company made cash sales of $26,000. Find the net cash flow from these transactions for the month
Strong misgivings about the caste system : You are the vice president of operations for a U.S.-based software firm that is exploring building a software design operation in India. Typically, when interna
Discuss vision as it applies to organizational change : Discuss "vision" as it applies to organizational change. Give examples of developing visions and why some visions fail.
What should be the P-E ratio of the PharmaFarm Index : Assume the dividend payout ratio is 40% and the required rate of return on equities is 12%. What should be the P/E ratio of the PharmaFarm Index
Examples important components of business plans : 1. Explain in detail with examples importance of formal and informal proposals standards and practices at workplace that draws efficiency and speedy results.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine for the number of shares to be used

On June 1, 2018, Determine for 2020 the number of shares to be used in calculating Basic earnings per share and Diluted earnings per share.

  What is the percent probability range of returns

A stock has produced annual returns of 12 percent, 10 percent, -5 percent, What is the percent probability range of returns

  What is the future value of these payments

You will deposit these payments into an account which pays 10 percent, compounded semiannually. What is the future value of these payments

  Set up control and subsidiary accounts

Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. Set up control and subsidiary accounts

  Financial operations and health of a business-ratio anaylys

To evaluate the financial operations and health of a business, ratio anaylysis is used. What do profitability ratios indicate about the company? Please provide 2 examples of profitability ratios and the related formula and indicate how they can be us..

  Identify by number the accounting assumption

Identify by number the accounting assumption or principle that is described below. Do not use a number more than once and Is the rationale for why plant assets are not reported at liquidation value.

  Difference between an agreement and a contract

What is the difference between an agreement and a contract? What is the difference between an offer and a contract? If you sign a purchase agreement to buy a house but do not give the seller a deposit and, after signing, change your mind before you m..

  Find the number of unit expected to be manufactured in march

Find the number of units expected to be manufactured in March is. Desired inventory (units), March 31 19,000. Estimated inventory (units), March 1 17,000

  Calculate the depreciation expense for the year

Calculate the depreciation expense for the year using the composite method for 2010 and 2011 and calculate the depreciation expense for the year on the ties using the group method and compute the group depreciation rate for 2011.

  What is price of a? one-year european call option on dynamic

If the? risk-free interest rate is 7% per? year, What is the price of a? one-year European call option on Dynamic with a strike price of $26??

  Prepare the journal entries for stepney ltd on july

Prepare the journal entries for Stepney Ltd (lessee) on 1 July 2019 and 30 June 2020. Show all calculations (Lease liability, Right-of-use Asset)

  Explain the theory that is based on bursa malaysia filings

Based on your understanding of dividend theories, explain the theory that is Based on Bursa Malaysia filings, the large caps- companies.

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