User Account

All Pages

What amount should delilah record purchases on october

Assignment Help Accounting Basics
Reference no: EM132830098

Problem 1: Delilah Trading regularly buys its inventory from Mae Company and is allowed trade discount of 20% from the list price. Delilah made a purchase on October 5, and received an invoice with a list price of P45,000, a freight charge of P2,500, and payment terms of 2/10, net 30 days. Both companies use periodic inventory system. At what amount should Delilah record Purchases on October 5?

Option 1: P38,500

Option 2: P47,500

Option 3: P45,000

Option 4: P36,000

Reference no: EM132830098

Questions Cloud

Why netflix is a threat to walt disney company : Disney launched its platform on November 12 with the clear goal of ending Netflix's leadership. What could be the reason why Netflix is a threat to Walt Disney
Describe the primary characteristics of the disability : Each student will select a disability that qualifies an infant/toddler or child, preschool to age 8 for early intervention/special education services.
Explain objective existence and subjective meaning : 1. While human experiences are shaped by the components of society, humans remain creatures who must find meaning in their surrounding
Business ethics and corporate responsibility : Illustrates how real businesses sustain their competitive advantages by conducting ethical business and demonstrating corporate social responsibility
What amount should delilah record purchases on october : Payment terms of 2/10, net 30 days. Both companies use periodic inventory system. At what amount should Delilah record Purchases on October 5?
Describe the lessons of using for semester project : What are some lessons that you are planning to use for the SIOP Unit Project? What activities do you think will allow students to practice and apply the key.
Companies using ratios : What were the criteria used in selecting the companies? Compare and explain the results of the ratios.
What transaction increased the cash account by : Merchandise to Jesse for ?50,000 less 10 on terms 25% down and the balance 2/10 n/30. In Altair's books, this transaction increased the Cash account by
Determine what the cost of goods sold for the year was : What the cost of goods sold for this year was? During the year, it increased to ?980,000 with the owner making additional investment

Reviews

Write a Review

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

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