User Account

All Pages

What is the total cost of inventory of the unsold handbags

Assignment Help Accounting Basics
Reference no: EM132945728

On August, 2019, HBO consigned to GEO 10 laptops costing P15,000 each, paying freight charge of P15,000. At the end of the month, GEO reported sales of 6 handbags at P30,000 each and incurred expenses of P12,500 and remitted the net proceeds due to HBO after deducting a 20% commission on the sales price.

Problem 1: What is the total cost of inventory of the unsold handbags?

A. 60,000               C. 71,000

B. 66,000            D. 75,000

Reference no: EM132945728

Questions Cloud

What subsequent measurement basis for receivables : What subsequent measurement basis for receivables? Explain the cost to cost basis in determining the progress toward completion of service contract
How much net income did hbo realize in august on consignment : On August, 2019, HBO consigned to GEO 10 laptops costing P15,000 each, How much net income did HBO realize in August on the consignment?
Identify possible tactical level : Assume that your company's strategic plan is to expand by exporting your product range to European Union. Identify possible tactical level and operational level
Design a rich picture that identifies the key stakeholders : In the case below design a Rich Picture that identifies the key stakeholders, actors, power and decision-making authorities. Case Study 1 The novel coronavirus
What is the total cost of inventory of the unsold handbags : What is the total cost of inventory of the unsold handbags? HBO consigned to GEO 10 laptops costing P15,000 each, paying freight charge of P15,000.
Explain how informal group are developed : Choose a familiar organization / or your university and explain how informal group are developed.
How you will improve your current profile : Describe these using SFIA terminology. How could you incorporate these into your Linkedln profile 'Summary' section
Discuss any three deficiencies that observations have : Discuss ANY THREE (3) deficiencies and the implications that the above observations have for the sales and the collection system of JY Miko Sdn. Bhd.
Complex mixed methods designs : Select one of the complex mixed methods designs (experimental, case study, participatory-social justice, evaluation). What is an example of a study you might co

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