User Account

All Pages

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

  A company sells leaf blowers for 150 each each unit has a 3

a company sells leaf blowers for 150 each. each unit has a 3 year warranty that covers replacement of defective parts.

  New gate corporation desires to acquire old post in a

new gate corporation desires to acquire old post in a nontaxable transaction. prior to entering into the transaction

  Division a sells soybean paste internally to division b

1.when an industry has excess capacity market prices may drop well below their historical average. if this drop is

  Determining the cutoff value bounds

More IQs. In the Normal model N(100, 16) for IQ scores from Exercise 22, what cutoff value bounds the

  What is the total cash received on January

On July 31, 2019, Algeria Corp purchased 12%, P2,000,000 face amount bonds for P2,150,000 including accrued interest. What is the total cash received on January

  Which of the changes in accounting ratios please a company

Which of the changes in accounting ratios would please a company management concerned with cash flow problems in their company?

  Prepare a multiple-step income statement

Porter Corporation's capital structure consists of 50,000 shares of common stock. At December 31, 2014

  Prepare a cash budget for each quarter

A capital expenditure for $20,000 is planned for the fourth quarter of 2012. Prepare a cash budget for each quarter of 2012

  Prepare the correcting entries at may

Problem - Correcting Entries - Prepare the correcting entries at May 31 assuming the incorrect entry is not reversed

  Calculate cost of the september 30 work-in-process inventory

How do I calculate Cost of the September 30 Work-in-process inventory in the Weaving department? I am providing all of the information I have.

  Expensed as incurred in a manufacturing setting

McCabe Manufacturing Co.'s static budget at 8,000 units of production includes $40,000 for direct labor and $4,000 for electric power.

  How much better off or worse off will the firm be

How much better off or worse off will the firm be if they keep product ZZ? A firm is considering dropping the product line "ZZ". ZZ currently shows

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