Invoice price of goods is 3500 purchase terms are 310n30

Reference no: EM13598951

Invoice price of goods is $3500. Purchase terms are 3/10,n/30 and the invoice is paid in the week of reciept. The shipping terms are FOB shipping point ,and the shipping cost amount to $330.00. What is the total cost of inventory?

Reference no: EM13598951

Questions Cloud

The whitton company uses a discount rate of 16 the company : the whitton company uses a discount rate of 16. the company has an opportunity to buy a machine now for 18000 that will

Discuss the evolution of the income statement found in the : discuss the evolution of the income statement found in the annual report of a firm to the forms that can be used in

Assuming that a company has 365 million in annual sales and : 1.how is inventory turnover calculated?2.explain how inventory turnover affects the amount of cash that must be

Kile company borrows 63359 on july 1 from the bank by : kile company borrows 63359 on july 1 from the bank by signing a 63359 8 1-year note payable. prepare the journal

Invoice price of goods is 3500 purchase terms are 310n30 : invoice price of goods is 3500. purchase terms are 310n30 and the invoice is paid in the week of reciept. the shipping

Debate the necessity of preparing formal financial : debate the necessity of preparing formal financial statement if all of the data are in the statement columns of the

On march 1 2011 navy corporation used excess cash to : 1. on march 1 2011 navy corporation used excess cash to purchase u.s. treasury bonds for 103000 plus accrued interest.

Prepare a general fund journal entry to record the holiday : a city has adopted the following plan as to compensate time off bull city employees are entitled to a specified number

You are the accountant for a division of a company that is : you are the accountant for a division of a company that is constructing a building for its own use. it is january 2011

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

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

User Account

All Pages