User Account

All Pages

What is the amount of the refund owed to the customer

Assignment Help Financial Accounting
Reference no: EM132933476

Question - After the amount due on a sale of $145,225, terms 2/10, n/30, is received from a customer within the discount period, the seller consents to the return of the entire shipment. The cost of the merchandise returned was $79,874.

If required, round your answers to nearest whole value. What is the amount of the refund owed to the customer?

Reference no: EM132933476

Questions Cloud

Which overhead costs in a jit environment are true except : In comparison to the traditional manufacturing environment, overhead costs in a JIT environment all the following are true except
What the manufacturing overhead : Actual manufacturing overhead was $1,400,000 and actual direct. labour hours were 240,000 hours. What the manufacturing overhead
Find the molecule of glucose : Once a plant has built a glucose molecule, it can begin to build larger molecules through the process of dehydration synthesis. Now determine and then write the
What the accounting entries to close off the production : In an integrated bookkeeping system, What the accounting entries to close off the production overhead account at the end of the period would be
What is the amount of the refund owed to the customer : The cost of the merchandise returned was $79,874. What is the amount of the refund owed to the customer
Challenging part of dealing with adolescence : What is the most challenging part of dealing with adolescence? Think about your own life as well as issues that your friends had/have.
Discuss the kind of curvatures in the column : An a long formatted essay discuss the kind of curvatures in the column and what are their importance.
Developing sperm are nourished by sertoli cells : In the seminiferous tubules, developing sperm are nourished by Sertoli cells. True or False?
What are the goals of shareholder wealth maximization : What are the goals of shareholder wealth maximization? What are some of the problems of using profit maximization as the objective of the firm

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain deficiencies in the statement prepared by company

Identify and explain the deficiencies in the statement prepared by the company's accountant. Include in your answer items that require additional disclosure, either on the face of the statement or in a note.

  Compute the net present value of each project

a salvage value of zero, and is expected to increase net annual cash flows by $46,460. A discount rate of 9% is appropriate for both projects. Compute the net present value of each project.

  What is the percentage of the founders family votes

Shares currently outstanding, the original founder's family owns 51,825 shares. What is the percentage of the founder's family votes to Class B votes?

  Do think that the federal government has set a precedence

Do you think that the Federal Government has set a precedence for dealing with future financial crisis given the recent bailouts of our "financial institutions"

  What is the name of risk caused by nature of business

"First, the product categories of both the companies are significantly different." What is the name of risk caused by nature of business

  What is implied exchange rate between usd and gbp

Information on a fixed-fixed USD-GBP currency swap, the spot exchange rate between USD and GBP, and the yield curves for USD and GBP:

  How much are agiles shareholders likely to gain or lose

The synergy created through the combination of Agile and Mobile adds 10 percent to the value of the combined firm. How much are Agile's shareholders likely to gain or lose through this acquisition?

  Question martinez company has decided to establish a new

question martinez company has decided to establish a new product. the new product will be manufactured by either a

  Create the journal entry to record the redemption

Create the journal entry to record, compute the amount of loss, if any, to be recognized by Sunland as a result of retiring the $1,230,000 of bonds in 2020.

  Illustrate diluted earnings per share

Compute diluted earnings per share for 2019. Compute basic earnings per share for 2019. Kearney Company's net income for 2019 was $600,000.

  What are total liabilities at the end of the year

Accounts Payable, Census Company had the accounts and balances at the end of the year. What are total liabilities at the end of the year?

  Accounting entries from the given informationcolo company

accounting entries from the given information.colo company sales journaldateaccount debitedinv.no.trans.no.ar debitnbsp

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