How much should be paid on october

Assignment Help Financial Accounting
Reference no: EM132814008

Problem 1: The merchandise valued at $1200 is shipped and billed on September 15, and received on September 28. The invoice terms are 2 /10 EOM, FOB factory; shipping charges of $24.95 have been prepaid. How much should be paid on:

1. October 8?

2. October 25?

Reference no: EM132814008

Questions Cloud

Compare growth and developmental patterns of two toddlers : Compare and contrast the growth and developmental patterns of two toddlers of different ages using Gordon's functional health patterns.
Calculate the earnings per share of the company : Assuming Fabulous Berhad also issued further 40,000 ordinary shares on 1 July 2018. Calculate the earnings per share of the company
Is there an arbitrage opportunity : Is there an arbitrage opportunity? And, outline a step-by-step trading strategy to profit from such an opportunity without risk, if there is one.
What factors affect future planning in an organization : Discuss the purpose of strategic planning in a health care environment. Explain what factors affect future planning in an organization and what tools can be.
How much should be paid on october : The invoice terms are 2 /10 EOM, FOB factory; shipping charges of $24.95 have been prepaid. How much should be paid on October 8?
Prepare income statement and equity statement for the month : On December 31, 2020, Lucky Corp had the following account balances: Cash -13,400. Prepare income statement and equity statement for the month
What is the project npv : The project has the following cash flows:0 1 2 3 (500) $120.00 $200.00 $310.00
Segmenting business and consumer markets : Find an article that relates to Segmenting Business and Consumer Markets topic. After reading the article, share your findings in terms of why marketers
Condition and the definition of domestic savings : Consider the following simplified GNP equation:Y I CAwhere CICA = C + +, , and denote domestic consumption, domestic investments, and the current account.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd