User Account

All Pages

How many medical equipment were sold

Assignment Help Accounting Basics
Reference no: EM133027597

Problem - MedLab Inc. consigned 4,800 medical equipment costing P90 and retailing for P3,000 each to ACC Co. Freight cost of P4,800 was paid as freight expenses by the consignor. After a month, MedLab received P213,030 in full settlement of the balance due. The consignor deducted a commission of P600 for each equipment sold, P270 for delivery expense and P300 for advertising expense. How many medical equipment were sold?

Reference no: EM133027597

Questions Cloud

Five main objectives of the company : A large manufacturing organization which has two plants, a corporate head office and five sales offices at different locations in the country, is embarked on a
Determine the carrying amounts after impairment losses : Determine the carrying amounts after impairment losses on December 31, 2019 for each of the product lines (i.e. X, Y and Z alone)
Perform organizational development work : Change agents who perform organizational development work are a diverse community consisting of managers, HR professionals, and many more.
Describe strategic human resource management : Describe Strategic Human Resource Management (SHRM) and highlight at least five (5) points that differentiates it from non-strategic Human Resource Management
How many medical equipment were sold : After a month, MedLab received P213,030 in full settlement of the balance due. How many medical equipment were sold
Growth of the earth human population : What we consider the growth of the earth's human population from the years 8000 BCE until 2011, the curve of people relative to the year, takes the form of the
Effectiveness of the organizations performance : Promote the efficiency and the effectiveness of the organizations performance - Opportunities of aciontin these technologies
Discuss four important reasons for selection : Discuss four important reasons for selection of the right candidate and explain why the reliability and validity are important components of the selection proce
Process of addressing performance issues : Process of addressing performance issues, including?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the three categories of manufacturing costs

Question - What are the three categories of manufacturing costs included in the cost of finished goods and the cost of work in process

  Compute what is the adjusting entry for december

Adjusting entry, of $320. A physical count of the supplies inventory shows that $90 of supplies remain. What is the adjusting entry for December 31?

  What was the change in assets for the year

During the year, $17,000 in common stock was issued. No other equity transactions occurred. What was the change in assets for the year

  Explain the effects of the imposition of an export tax

Illustrate and explain the effects of the imposition of an export tax on a good Y by a home country's government on the home country's consumers of Y

  Prepar all the required entries

The total contract price for this construction project is $13,500,000. Using the percentage-of-completion method prepar all the required entries for 20X1, 20X2

  Determine the amount of deficiency

Ayayai Corporation, having recently issued a $20,009,700, 15-year bond issue, Determine the amount of deficiency

  What controls would you implement to reduce the risks

What controls would you implement to reduce these risks? Explain how the controls address the risks. Use the COSO framework of control activities?

  Compute the net interest expense to be reported

Compute the net interest expense to be reported for this note and related swap transaction as of June of June 30, 2018

  Which is true as carla car

Fellow employees raised $1500. She recovered from Covid and donated $500 of the $4000 to the American Red Cross. Which of the following is true?

  Explain the upper limit on misstatements calculations

Upper Limit on Misstatements Calculations: Monetary Unit Sampling. Clyde Billy is conducting the audit of Hoops Inc. and is examining Hoops's inventory.

  Receivable using probability proportional to size sampling

You are the auditor for a company and need to review the company's accounts receivable using probability proportional to size (PPS) sampling. In addition, the board of directors has requested that you and your team present an explanation of your P..

  What is the cost of the asset being depreciated

What is the cost of the asset being depreciated, Which method will produce the highest book value for the asset at the end of Year 3

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