Solution-What was the amount they paid

What was the amount they paid

Reference no: EM133149995

Question - Gadgets Inc., received an invoice from a supplier for raw materials that had a list price of $12,600.00. The supplier offered a series discount of 30/20/10 and terms of 2/10, n/30 ROG and F.O.B. destination. The supplier pre-paid the freight of $350.00. The invoice was dated June 10 and the goods were received on June 30. If Gadgets remitted full payment on July 10, what was the amount they paid?

Reference no: EM133149995

Questions Cloud

Overall brand influences your loyalty to the product : Explain how the branding concept you described and the overall brand influences your loyalty to the product.

Demand models as part of business operations plan : This assignment is intended to help you learn how to apply forecasting and demand models as part of a business operations plan.

Prepare the appropriate journal entries pertaining to sars : Prepare the appropriate journal entries pertaining to the SARs on January 1, 2021 and December 31, 2021-December 31, 2024

What is the present value : What is the present value of $100.00 to be paid at the beginning of each year for the next 4 years if the effective rate of return is 6% per annum

What was the amount they paid : The invoice was dated June 10 and the goods were received on June 30. If Gadgets remitted full payment on July 10, what was the amount they paid

What amount should reported as life in se for current year : Dabin Company purchased a P1,000,000 ordinary life insurance policy for its president. What amount should be reported as life in se for the current year

Failing to use current and updated code sets : You were warned before taking the job that there were some issues with the department. Failing to use current/updated code sets. Under and overcoding.

What is the carrying amount of the investment : Focus Company accounts for its 10% interest in Bee Company using the cost method. What is the carrying amount of the investment

Electrical and mechanical transducers and controllers : Identify and specify the interface requirements between electronic, electrical and mechanical transducers and controllers

User Account

All Pages

What was the amount they paid

Reference no: EM133149995

Reference no: EM133149995

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Calculate the opportunity cost of transferring units

Find the net income after tax

How calculate the profit available to common shareholders

What was the absorption costing net operating income year

Process costing would be most applicable

A hospital orders its blood from a regional blood bank

What should landis co report as other comprehensive income

Tappit corp is a medium sized wholesaler of automotive

Evaluate earnings per share

Foreign competitors profitably

Determine the proceeds of the note

What is barry adjusted basis for the partnership interest

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT