User Account

All Pages

What amount of consignment sales revenue should be reported

Assignment Help Accounting Basics
Reference no: EM133038902

Question - Topic - Consignment - Regal Appliances consigned 60 television sets to Gal Company on January 1, 2020 for sale at P10,800 each and paid P10,000 transportation costs. At the end of the month, Gal reported sale of 25 television sets and remitted P243,000 which is net of ten percent commission. What amount of consignment sales revenue should be reported by Regal? Present solutions in good accounting form.

Reference no: EM133038902

Questions Cloud

Computers and technology for functioning in every day life : Society is becoming increasingly dependent on computers and technology for functioning in every day life
Evolution of mega-trends : Successful products selling to a global market follow at least one and/or several of the mega-trends. Select one mega-trend found in this module
BUS8460 Corporate Social Responsibility and Business Ethics : BUS8460 Corporate Social Responsibility and Business Ethics Assignment Help and Solution, Conestoga College - Assessment Writing Service
Enhance database design and performance : Triggers-How can triggers and stored procedures be used to enhance database design and performance?
What amount of consignment sales revenue should be reported : At the end of the month, Gal reported sale of 25 television sets and remitted P243,000. What amount of consignment sales revenue should be reported
Find an exponential model for the percentage : The intensity of light below the surface of a clear lake depends on many factors. Find an exponential model for the percentage
What capital charge per procedure should the hospital levy : You expect to perform 7,000 procedures per year over the estimated 5-year life of the scanner. What capital charge per procedure should the hospital levy
Some traditional mapping methods : For mapping, there are Mapping Cardinality Constraints and some traditional mapping methods such as One to one,
Advertising agency creative team : List the main members of an advertising agency's creative team? Consider how they are assigned tasks in producing written, audio, and visual elements of ads.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find the cumulative effect of this accounting change

Assuming a 30% tax rate, the cumulative effect of this accounting change, net of tax, is

  Explain advantages and disadvantages of raising funding

In your first meeting with Jane, she asks: Please explain the advantages and disadvantages of raising additional funding through debt versus equity

  Discuss what is the income tax liability for kt lion group

There are no other book-tax differences. What is the income tax liability for KT Lion Group

  Write memo to explaining what information she must gather

Write a memo to Jane explaining what information she must gather, and what issues she must consider in working out an arrangement with her father and brother

  Determine the correct inventory amount to be reported

The December 31, 2013, year end inventory balance of the Raymond Corporation is $210,000. You have been asked to review the following transactions to determine if they have been correctly recorded.

  Create a new company data file using MYOB

The business is a book retailer named Yabby Books Pty Ltd. Create a new company data file using MYOB. Process transactions for July

  How should the hospital report that receipt of cash

What are the components of the net position section of a governmental hospital balance sheet? A county hospital receives $ 1 million from the county, General Fund to help cover the hospital, annual operating deficit. How should the hospital report ..

  Angela leichners luxurious home in georgetown a

angela leichners luxurious home in georgetown a neighborhood in washington dc was recently gutted in a fire. her living

  What is maximum deductible ira contribution john can make

If participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2020 if he has earned income of $18,200?

  How much is the potential loss of indonesia in the event

In 2019, BVI Inc a company incorporated in British Virgin Island, intended to lend some money to its Indonesian subsidiary. PT Indoindo.

  Michelle amp alexus inc had the following items on their

michelle amp alexus inc. had the following items on their 123107 balance sheet cash

  What is the total receivable related to the loan to abc

Collected origination fees of P328,230 from ABC. The effective interest rate is 9%. What is the total receivable related to the loan to ABC on Dec. 31, 2021?

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