User Account

All Pages

What amount will be reported on the income statement

Assignment Help Accounting Basics
Reference no: EM131763508

I'm not sure how to solve to get the correct answer. I keep getting it wrong. Merchandise costing $1,800 is sold for $2,800 on terms 2/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit?

Reference no: EM131763508

Questions Cloud

Prepare a retained earnings statement for the year : Prepare a retained earnings statement for the year ended December 31, 2016. Enter all amounts as positive numbers
Expected return of a stock with a beta : If you know that the risk-free rate is 4.7% and the expected market risk premium is 5.3%, what would be the expected return of a stock with a beta of 1.4 using?
Show jackson companys budgeted income statement for march : Please show Jackson Company's budgeted income statement for March 20XX. And please present Jackson Company's budgeted balance sheet for the month
What amount of dividends will paid to preferred shareholders : What amount of dividends will be paid to the preferred shareholders versus the common shareholders?
What amount will be reported on the income statement : what amount will be reported on the income statement as net sales and as gross profit
What are the roles of the corrections organization : What are the roles of the corrections organization, the probation officer, and the offender in the outcome of the probationary period?
Evaluate the originality and quality of a students response : Evaluate the originality and quality of a student's response especially as they relate to a student's thought process and content of his/her response.
What information did ned consider in making his decision : Ned Bonapart is purchasing manager for a clothing store. What information did Ned consider in making his decision
What is the estimated value per share of the stock : The required rate of return on the stock is 11.5%. What is the estimated value per share of the stock?

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