Reference no: EM132715052
Question: Llamas Co. sold goods with an invoice price of P5,400,000 on January 1, 2020. Trade discounts were 20% and 10%. Terms were 5/15, n/45. Customer made a down payment equal to 30% of the list price. The remaining balance was paid on January 31, 2020. Llamas uses the net method.
- How much were total trade discounts?
- How much is recorded by Llamas Co. to Sales on January 1, 2020?
- How much accounts receivable was recorded on January 1, 2020?
De Leon Co. sold goods with a list price of P6,172,000 on June 1, 2020. Trade discounts were 10% and 5%. Terms were 5/10, n/30. Customer paid P3,000,000 on June 5, 2020, and the remaining balance on June 10, 2020.
- How much cash will be received by De Leon Co. on June 10, 2020?
NOTE: Each problem is to be regarded separately meaning the two problems are not related to one another.
|
Write essay on the benefits and dangers of the grapevine
: Write essay on the benefits and dangers of the grapevine (communication) in a large group of students in a university. Discuss also the ethical considerations.
|
|
Separation of leadership and management
: What are some recommendation to approaches to the separation of leadership and management within scientific literature?
|
|
What is the maximum loss for the entire option portfolio
: Assuming all 8 options are held until maturity, what is (i) the maximum possible profit and (ii) the maximum loss for the entire option portfolio?
|
|
About the need for internet privacy
: Explain how you feel about the need for Internet privacy. If you value your own privacy, explain why you do.
|
|
How much were total trade discounts
: Llamas Co. sold goods with an invoice price of P5,400,000 on January 1, 2020. Trade discounts were 20% and 10%. Terms were 5/15, n/45. Customer made a down.
|
|
How much should you bid for the contract for Nebraska
: An event for 750 at an average cost $3.90; and an event for 1,200 at an average cost of $3.75. How much should you bid for the contract
|
|
Compare and contrast amazon culture
: Identify how organizational culture will affect high attrition an low motivation overall. Compare and contrast Amazon's culture with the culture of another
|
|
Write down a mathematical formula for resulting net profit
: Write down a mathematical formula for the resulting net profit of BestHockeySticks at T = 1. Sketch the profit as function of future rubber price.
|
|
How much cash will be received by de leon company
: De Leon Co. sold goods with a list price of P6,172,000 on June 1, 2020. Trade discounts were 10% and 5%. Terms were 5/10, n/30. Customer paid P3,000,000.
|