User Account

All Pages

What effect will the sales return have

Assignment Help Accounting Basics
Reference no: EM132995331

Question - Galaxy Company sold merchandise costing $2,900 for $4,800 cash. The merchandise was later returned by the customer for a refund. If the perpetual inventory method is used, what effect will the sales return have on the accounting equation?

Reference no: EM132995331

Questions Cloud

Analyzing key performance indicators : (a) Describe two ways how you can increase the net profit for your company by analyzing some key performance indicators such as sale volume, staff utilization a
What is the price of the stock today : A7X Corp. just paid a dividend of $1.25 per share. If the required return is 15 percent, what is the price of the stock today
Calculate the arc cross-price elasticity of t-bone steak : Calculate the arc cross-price elasticity of T-bone steak. Based on your calculation is T- bone steak a substitute or a complement? Why?
Bus 100-business communication : When can we say that "communication" is successful?
What effect will the sales return have : Galaxy Company sold merchandise costing $2,900 for $4,800 cash. What effect will the sales return have on the accounting equation
How do firms decide which type of private debts to use : How do firms decide which type of private debts to use? Do they have a choice?
What would be long-run strategy to optimize the resources : If demand forecasts predict an output level between 3500 and 3800 in the next decade, what would be your long-run strategy to optimize the resources
COMPUTE the VAT payable for January, February, and March : A VAT-registered business had the following balances in its books of accounts during the first quarter of 2018: COMPUTE the VAT payable for January, February
Conduct t-test for statistical significance of each variable : Conduct a t-test for the statistical significance of each variable. Discuss the results of the t-tests in light of the policy implications mentioned.

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