What the net purchases for the period

Assignment Help Financial Accounting
Reference no: EM132982347

Question - Jackie's Online Service on April 30 has the following account balances:

Sales $20,000

Sales returns and allowances 2,000

Purchases 14,000

Freight-In 1,000

Purchases Returns and allow. 2,000

Purchases Discounts 1,400

What the Net purchases for the period?

A) $10,600.

B) $9,600.

C) $12,600.

D) $14,000.

Reference no: EM132982347

Questions Cloud

Do believe the audit committee should be held responsible : Do you believe the Audit Committee and/or Compensation Committee should be held responsible for the undisclosed stock options backdating fraud?
Implementation of organisational human capital management : To help you justify the strategic value of a HCM section, conceptualise a framework for measurement and implementation of organisational human capital managemen
Providing on-the-job coaching to a colleague : Describe at least one (1) challenge you would face when providing on-the-job coaching to a colleague under your supervision, whilst simultaneously completing yo
What is the economic order quantity : What is the after-tax cost of holding a unit of inventory and What is the economic order quantity (EOQ)
What the net purchases for the period : Jackie's Online Service on April 30 has the following account balances: Sales returns and allowances 2,000. What the Net purchases for the period
State human resource management activities : Explain the four stages a firm goes through as it grows internationally and state human resource management activities needed at each stage
Initial expression of interest in the internship : The Professional Manager magazine has an advertisement for management internships in a multinational automotive company, which produces iconic vehicles and has
What is the amount of the dividend : When the Company declares a $400,000 cash dividend, what is the amount of the Dividend that each shareholder will receive
What is leadership : What is leadership? What is power? What is empowerment? How are these concepts interrelated?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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