User Account

All Pages

Sold merchandise to a customer

Assignment Help Accounting Basics
Reference no: EM13933165

For each of the following events, determine the amount of freight paid by The Cake Shop. Also indicate whether the freight cost would be classified as a product or period (selling and administrative) cost.

a. Purchased merchandise with freight costs of $520. The merchandise was shipped FOB shipping point. 

b. Shipped merchandise to customers, freight terms FOB shipping point. The freight costs were $250. 

c. Purchased inventory with freight costs of $1,300. The goods were shipped FOB destination. 

d. Sold merchandise to a customer. Freight costs were $750. The goods were shipped FOB destination.

Reference no: EM13933165

Questions Cloud

Process of identifying an organization : HRP is the process of identifying an organization's current and future human resource requirements, developing and implementing plans to meet these requirements and monitoring their overall effectiveness (Beardwell 2004)
Business activities-processes of the organisation : What a Baker does? Discuss the business activities/processes of the organisation to show your understanding about the business.
Identified an investment project with the cash flow : Havana, Inc., has identified an investment project with the following cash flows. Assume the discount rate is 6 percent, what is the future value of these cash flows in Year 4?  What is the future value at an interest rate of 14 percent?
Evaluate the program evaluation, indicating strengths : explain one specific purpose for conducting a program evaluation in that organization. Describe the program evaluation.
Sold merchandise to a customer : Sold merchandise to a customer. Freight costs were $750. The goods were shipped FOB destination.
Biological effects of electromagnetic radiation : Two pages of literature review content, with up to 1 additional page of references. The layout is up to you, but recommended sections are an abstract, background, a couple of section headings pertinent to your review topics (where in the content y..
Write an application for the events : Closing the application. Close your running application by clicking its close box.
Cultural and critical approaches to australian organization : Description/Focus: Business Report on application of cultural and critical approaches to an Australian Organization.
Identify a gap in the knowledge or devise innovative : To be able to identify a gap in the knowledge or devise innovative solutions to problems, you need to be up to date with the latest developments in your field of research/expertise.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hortez co. owns equipment that cost

Hortez Co. owns equipment that cost $ 76,800, with accumulated depreciation of $ 40,800. Hortez sells the equipment for cash. Record the sale of the equipment assuming Hortez sells the equipment for

  At the end of the meal the issue arises of how the bill for

at the end of the meal the issue arises of how the bill for the group should be shared. one alternative is to figure

  What is the present value of 9280 to be received at the end

using the appropriate interest table answer each of the following questions. each case is independent of the others. a

  What is the future value of 17 periodic payments of 9550

using the appropriate interest table answer each of the following questions. each case is independent of the others.a

  What is the difference between cost accounting and a cost

what is the difference between cost accounting and a cost accounting system? explain the difference. what is an

  Boston company completed the following transactions use a 9

boston company completed the following transactions use a 9 percent annual interest rate for all transactions a.

  Expense at the time of purchase

Is the purchase of equipment treated as an expense at the time of purchase? Why or why not?

  What is a virtual tape system and what is it used for

What is a virtual tape system and what is it used for?

  What is tax liability for morgan is for 2014 do not round

morgan age 45 is single and provides more than 50 of the support of rosalyn a family friend age 36 flo a niece age 18

  Each port has its own fishing fleet and all seafood caught

fremantle fisheries ff operates a fleet of fishing boats out of three ports in western australia - fremantle bunbury

  Weaver companys predetermined overhead rate is 1800 per

weaver companys predetermined overhead rate is 18.00 per direct labor-hour and its direct labor wage rate is 12.00 per

  Oxford corporation began operations in 2012 and reported

oxford corporation began operations in 2012 and reported pretax financial income of 225000 for the year. oxfords tax

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