How much cash did abc ltd pay to their creditors

Assignment Help Accounting Basics
Reference no: EM133188319

Question - ABC Ltd settles their creditors' accounts as follows: 25% in the month of purchase and 75% in the month following purchase. For the month of August their credit purchases totalled $32,000 and in September were $43,000. How much cash did ABC Ltd pay to their creditors in the month of September?

Reference no: EM133188319

Questions Cloud

What is the minimum amount the converter could quote : Fixed overheads are applied to jobs by adding 15% to the base commercial van cost. What is the minimum amount the converter could quote
What is the adjustment in the operating section : What is the adjustment (to the net income) in the operating section of the cash flow statement prepared under the indirect method for 2019
Determine the deductible loss of gerald : Assuming that the amount recoverable from Dexie Insurance Company is Php. 500,000.00, the deductible loss of Gerald is
What is the ocf of a project : What is the OCF of a project with the following information: Increase in company revenues = $60,000 and Company tax rate = 40%
How much cash did abc ltd pay to their creditors : ABC Ltd settles their creditors' accounts as follows: 25% in the month of purchase - How much cash did ABC Ltd pay to their creditors
BSBSTR602 Develop Organisational Strategies Assignment : BSBSTR602 Develop Organisational Strategies Assignment Help and Solution - Outline four examples of questions that could be used when conducting a SWOT analysis
What is the main industry in which the company competes : The global business environment is constantly evolving based on the forces in the general and task environment. In order to sustain the company and maintain a c
Reduce negative impact on the environment : What can we do to reduce negative impact on the environment and What do you need to do if there is unsafe or faulty equipment in the kitchen
Identify two technology tools in communication : Identify two technology tools in communication and explain how they impact the communication process in a positive or negative manner

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is his office in home deduction

What is his office in home deduction based on the regular and simplified method? Also, in at least a 1 page paper that is in APA format

  In recent months there have been many news stories in the

in recent months there have been many news stories in the press about executive compensation with stock options. this

  Record the conversions using the book value method

On January 1, 2014, Gottlieb Corporation issued $4,000,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into eight shares of Gottlieb Corporati..

  How would the sale of the land and building be accounted for

Question - Acquisition, Improvements, and Sale of Realty - How would the sale of the land and building be accounted for

  Determine the marginal costs of joint products

Why is it possible to determine the marginal costs of joint products produced in variable proportions but not those of joint products produced in fixed proportions?

  What would operating income have been using full costing

Ignoring income taxes, if the fixed factory overhead application rate was $8.19 per unit, what would operating income have been using full costing

  What was the equipment''s purchase price

A second piece of equipment was purchased for cash. Based on these facts, what was the equipment's purchase price

  Ifrs as applied by af and a typical balance sheet

1.Air FranceKLM (AF), a French company, prepares its financial statements according to International Financial Reporting Standards.

  Define german activities and makes no dividend distributions

GreenCo earns $1,500,000 in net profits from its German activities and makes no dividend distributions to BlueCo

  What is the value of inventory for A and B at year end

A is sold for $7.50 and costs $5.00 per unit. There were 200 units in inventory at year end. What is the value of inventory for A and B at year end

  Outstanding balance of the loan

On January 1, 2014, Lunn borrowed $20,000 from Owens Bank by signing a ten-year note payable. Terms of the note indicate that Lunn must make annual payments of principal each January 1 beginning in 2015 and must pay interest each January 1 in the ..

  The 2010 income statement of holly enterprises shows

the 2010 income statement of holly enterprises shows operating revenues of 134800 selling expenses of 38310 general

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