What the company inventory for hello vaughn market

Assignment Help Financial Accounting
Reference no: EM132763685

Hello,Vaughn's Market recorded the following events involving a recent purchase of inventory:

Received goods for $132000, terms 2/15, n/30.

Returned $2600 of the shipment for credit.

Paid $400 freight on the shipment.

Paid the invoice within the discount period.

Problem 1: As a result of these events, the company's inventory

Option 1: increased by $126812.

Option 2: increased by $127204.

Option 3: increased by $129800.

Option 4: increased by $127212

Reference no: EM132763685

Questions Cloud

Discuss the various types of training media : Discuss the various types of training media you would use to educate your corporate students and how these media would be put to use.
What is the project after-tax equipment salvage value : Labor and maintenance costs are expected to be $90,000 during the first year of operation, What is the project after-tax equipment salvage value
Create example inventory list for staff : The warehouse manager asked you to create an example inventory list for his staff.
What is the effective annual interest rate of trade credit : The D.J. Masson Corporation needs to raise $800,000 for 1 year to supply working capital to new store. What is effective annual interest rate of trade credit
What the company inventory for hello vaughn market : As a result of these events, the company's inventory? Received goods for $132000, terms 2/15, n/30. Returned $2600 of the shipment for credit.
Community preparedness and response : Efforts to protect individual and community safety during emergencies include considerable collaboration between government officials, first responders,
Describe the government-business relationship : Describe the government-business relationship, through the lens of general systems theory.
What amount is included in the sibling net income : Two years after the sale the sibling sold the land for $250,000. What amount is included in the sibling's net income for tax purposes from the sale of the land?
What kind of return on invested capital will she make : Assuming that her expectations hold? up, what kind of return on invested capital will she make if she shorts 3 July oats contracts

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the NPV of the CEO proposed price-raising project

Using a discount rate of 10%, what is the NPV of the CEO's proposed price-raising project? Please explain and show how to solve in Excel

  Prepare the statement of profit or loss as of december

The records of HACK TO CHOP Co. on December 31, 2021, Prepare the Statement of Profit or Loss and Other Comprehensive Income as of December 31, 2021

  Cochran company made

On December 31, 2010, Cochran Company made the following proper year end adjusting entries:

  Karmazyn hospital bases its budgets

Karmazyn Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below:

  Solve weighted average cost of capital for puppet corp

Calculate weighted average cost of capital for Puppet corporation. Assume the funds are internally generated. Dividend, common(just paid) - $1.30

  How much cash was received for services provided

Unearned Revenue had a balance of $1,120 at the end of November and $890 at the end of December. Service Revenue was $4,600 for the month of December. How much cash was received for services provided during December?

  What is the apr on the loan for muscat finance

The company will loan you $5,000 today in exchange for one payment of $5,600 one year from now. What is the APR on this loan?

  Discuss what is the yield to maturity

The bonds issued,The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity?

  Prepare an income statement for the month ending

Prepare an income statement for the month ending April 30, 2004 - accounting records of Mata Hari Realty Inc. as of April 30, 2004.

  Computation of net present valueaccounting rate of i9turn

computation of net present value.accounting rate of i9turn payback and npv busy beaver corp. is interested in reviewing

  Evaluate operating income for 2017

Evaluate operating income for 2017, assuming the firm uses the variable-costing approach to product costing. (Do not prepare a statement.)

  Estimate a companies cost of debt as the interest rate

Estimate a companies cost of debt as the interest rate on a companies existing debt. He intends to use this interest rate as the before tax cost of debt.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd