User Account

All Pages

How much is the cost of the consigned goods

Assignment Help Financial Accounting
Reference no: EM132945381

Problem 1: Finland Company consigned goods costing P100,000 to France Inc. Markup on consigned goods is 35% on cost. Transportation costs of delivering the goods to France Inc totaled P20,000. To induce France Inc in accepting the consigned goods, Finland Company gave France Inc P10,000 representing an advance commission. How much is the cost of the consigned goods?

Reference no: EM132945381

Questions Cloud

Compute the income tax due : Berkshire Corporation reported the following gross income and expenses in 2020: Philippines Abroad Total gross income. P 400,000 P 300,000 P 700,000 Deductions
How much debited in statement of comprehensive income : How much should be debited in the Statement of Comprehensive Income for the year ended 31 March 2013 for the provision for doubtful debts
How much would be contributed to the plan on behalf of mark : If the base percentage was 10% with a maximum excess percentage, how much would be contributed to the plan on behalf of Mark
Keys to successful teamwork among employees : Silos are cohesive divisions or units in organizations that don't work well with other units and undermine the success of organizations.
How much is the cost of the consigned goods : Finland Company gave France Inc P10,000 representing an advance commission. How much is the cost of the consigned goods?
Implications of the teacher not reporting the cheating : Elaborate Case Study: What are the implications of the teacher not reporting the cheating?
What would be the short-term effect of an increase in demand : What would be the 'short-term' effect of an increase in demand for space usage on the following factors? Type either "Increase" or "Decrease".
Development of six change management approaches : Reflect on your experience of change(s) in life related to desirable and undesirable characteristics of a change leader, build a case as an example either from
Prepare sterling december year-end adjusting entry : Prepare Sterling's December 31 year-end adjusting entry to report its stock investments with insignificant influence at fair value.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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