What the total cost of this merchandise

Assignment Help Accounting Basics
Reference no: EM132846974

Question - A company purchased $4,900 worth of merchandise. Transportation costs were an additional $430. The company returned $340 worth of merchandise and then paid the invoice within the 1% cash discount period. The total cost of this merchandise is:

a. $4,773.00.

b. $4,941.00.

c. $4,944.40.

d. $4,810.00.

e. $4,990.00.

Reference no: EM132846974

Questions Cloud

How events like the war and exploration towards the west : Explain how events like the War of 1812 and exploration towards the West by the United States may have impacted the sense?
What is the book value of the net assets : What is the book value of the net assets of the combined businesses after the transaction is accounted for according to FASB ASC 805
What in view is important policy issue facing united states : What in your view is the most important policy issue facing the United States? Why is it important and which specific problems need to be solved?
How second industrial revolution influenced american politic : How the Second Industrial Revolution influenced American politics in significant ways during the late nineteenth and early twentieth centuries.
What the total cost of this merchandise : The company returned $340 worth of merchandise and then paid the invoice within the 1% cash discount period. The total cost of this merchandise is
Explain the concept of judicial review : Explain the concept of Judicial Review and how this power of the Judicial branch is unique. Give concrete examples of Judicial Review in history.
What are the total expected cash receipts during September : 20% of the sales are for cash, and 80% are on credit. 25% of the credit sales are collected in the month of sale, What are the total expected cash receipts
Explain the concept of federalism : Explain the concept of "federalism" as it relates to American government. Think of ways that federalism matters in daily life. Be sure to define key terms
What is the slope of a line between two points : Using weight as the explanatory variable, what is the slope of a line between these two points? Answer choices are rounded to the nearest hundredth.

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.

  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!

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