User Account

All Pages

How much is to be paid if a customer pays

Assignment Help Financial Accounting
Reference no: EM132795598

Problem 1: A supplier offers the following discounts; Trade discount of 10% at list price and another cash discount of 5% if paid in full before the due date. How much is to be paid if a customer pays before due at a list price of P16,000?

a. P13,680              c. P14,000

b. P15,520            d. P16,000

Problem 2: A trade discount is:

a. shown in the sales journal,

b. shown in the purchase journal,

c. shown in the general journal,

d. not shown anywhere,

Reference no: EM132795598

Questions Cloud

Explain the role of reason within theology : This is the prompt: Explain the role of reason within theology as it seeks to deepen its understanding of the mysteries of faith. This paper requires MLA format
Which activities is not a component of the operating cycle : Which of the following activities is not a component of the operating cycle? Which account does a merchandiser but not a service entity use?
At what cost the land would be recorded : The buildings at $30,000 and $20,000, respectively, for a total assessed value of $100,000. At what cost the land would be recorded
Determine the value f that maximizes the firm revenue : Then suppose that the firm wants to charge a fixed fee, F, that allows unlimited data use. Determine the value F that maximizes the firm's revenue.
How much is to be paid if a customer pays : How much is to be paid if a customer pays before due at a list price of P16,000? Trade discount of 10% at list price and another cash discount
Difference between average product and marginal product : -Explain the difference between Average Fixed Cost, Average variable Cost, Average Total Cost, Total cost and Marginal , add an example to illustrate your ideas
What were the beginning and ending balances : The Income Statement section of the Johnson Company worksheet for the year ended December 31, 2019, has $180,000. What were the beginning and ending balances
Formulate the agent utility maximization problem : An agent has utility function u(c; l) = c l, where c is greater or equal to 0 is a consumption good, and l is greater or equal to 0 is leisure.
What is the actual amount needs to pay : Discount period is 10 days and the credit period is 30 days, if the customer settles the debt on January 28, 2020, what is the actual amount he needs to pay?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How determine what is the value of the stock

Pays a dividend of $2.00 every quarter. If the discount rate (required rate of return) for such cash flows at 8%, what is the value of this stock.

  Explain how christine should treat each of the transactions

Explain how Christine should treat each of the five transactions listed above according to the appropriate accounting concepts and Christine has been supplying nurses to a small, private hospital for three months but has not yet received her commiss..

  Determine if the reported eps was correct

Determine if the reported 2018 EPS was correct and if not, what the correct amount should have been. 8,000,000 shares common stock outstanding

  Income from operations on the income statement

When should a company disclose extraordinary items on their income statement? Why do you think that this disclosure is made after income from operations on the income statement?

  What is the required rate of return on debt

What is the required rate of return on debt? The risk-free rate is 6 percent. The market risk premium is 5 percent. The stock's beta is 1.2.

  What is manager responsibility regarding ethical financial

What challenges might a manager face in ensuring ethical accounting and financial analysis practices? What is manager responsibility regarding ethical financial

  What is amount of total assets

You know that net earnings are $50,000, opening retained earnings $25,000, dividends $20,000, common shares $2,000, current assets $26,000 and total liabilities are $33,000. What is amount of total assets?

  Which company will report the lowest amount of cash flow

Three different companies each purchased. Which company will report the lowest amount of cash flow from operating activities on the 2020 statement of cash flows

  Polders corp a wholesaler of office equipment

Polders Corp., a wholesaler of office equipment, issued $40,000,000 of 10-year, 8% callable bonds on April 1, 2014, with interest payable on April 1 and October

  Identify the recoverable amount of car and any impairment

A company owns a car that was involved in an accident at the year end. Identify the recoverable amount of the car and any impairment required.

  The franc zeppo venture manufactures a product that goes

the franc zeppo venture manufactures a product that goes during two processing departments. information relating to the

  To classify costs associated with manufacturing firms

to classify costs associated with manufacturing firms merchandising firms or service firms as 1product or period costs

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