User Account

All Pages

What is the cost per unit that should be reflected

Assignment Help Accounting Basics
Reference no: EM133093144

Question - The Department of Agriculture (DA) purchased five (5) units of E-Jeepney from ABC Motors, Inc. for a total purchase price of 5,280,000. At that time, ABC Motors has promotional sales of "Buy 5 take one free" that an additional unit E-Jeepney costing 450,000 will be given away as promotional item. The applicable tax rate for this purchase is 6% (5% VAT and 1% EWT). What is the cost per unit that should be reflected in the books of DA for the purchase of the motor vehicles?

Reference no: EM133093144

Questions Cloud

Determine the ending work-in-process inventory : Information from Yoda's Stick Company is given below in $000s for this period: Sales $700. Determine the Ending Work-in-Process Inventory
Impact on immigration and emigration in the various cultures : Impact on immigration and emigration in the various cultures that are represented in Education, Human Resource Management, Sustainability, Technology, and Trade
Make an argument is support of the rfid technology : 1. You have been appointed to the ICT committee of your organization. One of the main tasks for the committee this financial year is to make a determination whe
Who has the better deal : D signed a contracts for $4 million now and $2 million per year for five years. Who has the better deal if the interest rate is 10%
What is the cost per unit that should be reflected : The applicable tax rate for this purchase is 6% (5% VAT and 1% EWT). What is the cost per unit that should be reflected in the books of DA
Calculate how many batches BJI should import and sell : BJI also has to pay import taxes which vary according to the quantity purchased. Calculate how many batches BJI should import and sell
Prepare journal entries in the books of ABC : The market price of ABC's share is RM 3 per share. Prepare journal entries in the books of ABC to record the acquisition of the share in XYZ
Should GRF use a third party : A third party has offered to produce the furniture as needed at a cost of $230 per unit (this includes material costs). Should GRF use a third party
Determine the company budgeted manufacturing overhead : The company's fixed manufacturing overhead costs are budgeted at $50,000 for the year. Determine the company's budgeted manufacturing overhead for the year

Reviews

Write a Review

Accounting Basics Questions & Answers

  Review problem on financial ratio analysis

Financial ratio analysis is useless without comparisons. In doing industry analysis, most business use benchmark companies. Benchmark companies.

  What is meant by reliability of evidence

What is meant by reliability of evidence and list the characteristics of evidence that affects its reliability. The explanations should be provided with example

  Find what is the transaction price

Save Handler Company, Training related to the equipment starts once the installation is completed and lasts for 1 year. What is the transaction price?

  Compute the net present value using the original estimates

Compute the net present value using the original estimates, but employing the 9% discount rate that Bob suggests is more appropriate

  A business house communicates with the outside world

Accounting is often called the language of business through which a business house communicates with the outside world. In order to make this language intelligible and commonly understood by all, it is necessary that it should be based on certain ..

  Determine the Accumulated Other Comprehensive Income

Pina Colada Corp. had cash and common shares of $80,000. Determine the Accumulated Other Comprehensive Income

  What is the number of days sales in accounts receivable

Question - Based on the following data for the current year, what is the number of days' sales in accounts receivable

  Prepare company stockholder equity section of balance sheet

Melcher cur-rently holds those shares in treasury. Prepare the company's stockholders' equity section of the balance sheet to reflect this information

  How much is credited in the Preference Share Capital Account

Each ordinary share of ABC sells P 15. How much is credited in the Preference Share Capital Account upon issuance of the shares

  Prepare general journal entries

Prepare general journal entries (3 journal entries; 1st May 2018 and 30th June 2018) to record the secure of loan and any fluctuation in currency

  Compute the carrying value of the investment in bonobo

On March 28, 2020, Kermit Inc. purchased 42,000 shares of Bonobo Inc. for $5 per share. Compute the carrying value of the investment in Bonobo stock

  Prepare all entries that are necessary on april 3

Show the calculation of the amount of the gain or loss to be recognized by Rogers Co and prepare all entries that are necessary on April 3, 2013.

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