Solution-What the six washing machines were sold at a total

What the six washing machines were sold at a total of

Assignment Help Accounting Basics

Reference no: EM132594083

Question 1: On January 10, 2010, Dex Corp. consigned 10 units of washing machines costing $7,200 each to LBC Corp. Dex Corp. paid the amount of $4,800 for freight on the shipment. On January 31, LBC Corp. submitted a consignment liquidation report stating that it had sold 6 washing machines and remitted $54,600 which is net of the following:

Additional freight cost paid upon receipt of consigned goods, $600;

Advertising expenses, $3,600;

Delivery of items sold, $2,400;

Commissions at 15% of selling price.

Question 2: The six (6) washing machines were sold at a total of?

Question 3: The consignor's net profit from the sale of the consigned goods was?

Reference no: EM132594083

Questions Cloud

Which basic principle of accounting is best described : Identify which basic principle of accounting is best described. Neptun Co. reports revenue in its income statement when it delivers goods instead

Which of the accounting changes shall be treated : Which of the accounting changes shall be treated retrospectively instead of prospectively by the long-term construction contractor?

Role of statistical process control : Identify and integrate relevant data/information/literature from a range of self-identified sources and demonstrate an understanding of the role of statistical

What is cost of goods sold : Question - Beginning inventory totalled $500. Ending inventory totalled $700. Inventory purchases for the period were $800. What is cost of goods sold

What the six washing machines were sold at a total of : What The six washing machines were sold at a total of? What The consignor's net profit from the sale of the consigned goods was?

What is the truck december net book value : The company uses the straight-line depreciation expense method to record depreciation. What is the truck's December 31, 2019 net book value

What is the total of the owner equity : What is the total of the owner's equity if the balance sheet shows liabilities of $46,000 and assets of $83,000? Provide the suitable example.

Question - Ethics in Business and Accounting : Question - Ethics in Business and Accounting. What is an example of Chaotic Situation according to Cynefin Framework

How sensitive the project is to revenues : Conduct a sensitivity analysis showing how sensitive the project is to revenues, cash expenses and to the cost of capital. Explain your results.

User Account

All Pages

What the six washing machines were sold at a total of

Reference no: EM132594083

Reference no: EM132594083

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT