What was the delivered cost of purchases for November

Assignment Help Accounting Basics
Reference no: EM132437356

Question - On November 30, 2019, the general ledger of Hings and More Hardware, a retail store, showed the following balances: Purchases, $163,570; Freight In, $5,200; Purchases Returns and Allowances, $8,000.

Determine the following:

a. What was the delivered cost of purchases for November?

b. What was the net delivered cost of purchases for November?

Reference no: EM132437356

Questions Cloud

Current psychological understanding of disordered eating : Does any social factors influence disordered eating? What is the role of gender, age, and sport on the psychology that causes eating disorders?
What is anorexia nervosa : What is anorexia nervosa? Describe the condition's physiological characteristics and its associated medical and physiological consequences.
Dietary cholesterol warnings from the dietary guidelines : What do you think about the 2015 Dietary Guidelines panel removing dietary cholesterol warnings from the Dietary Guidelines?
Does status of fetus bearing woman right to have abortion : Does the status of the fetus have any bearing upon a woman's right to have an abortion? Should the death penalty continue to be used as a means of punishment?
What was the delivered cost of purchases for November : Purchases, $163,570; Freight In, $5,200; Purchases Returns and Allowances, $8,000. What was the delivered cost of purchases for November
High folic acid intake during pregnancy lowers : Read the following original research article, "High Folic Acid Intake during Pregnancy Lowers Body Weight and Reduces Femoral Area and Strength in Female Rat
Do you drink mainly bottled water or tap water : Do you drink mainly bottled water or tap water? Which do you believe is the safest options? What are some concerns associated
What is dehydration and overhydration : What is dehydration and overhydration and what is the difference between the two?
How has the work been transformative for personally : What were your personal strengths in the research process; how did you leverage these strengths in the research process? Be specific. Give examples.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Develop a list of inputs along with their associated costs

Develop a list of inputs along with their associated costs, such as labor, materials, and overhead. Explain why not chosen for a minimum of 3 costing methods.

  Calculate smith thompson and nickel ending capital balances

Smith, Thompson, and Nickels have a partnership. Calculate Smith, Thompson, and Nickel's ending capital balances under the Bonus Method

  Explain the types of unethical behavior that may occur

Explain the types of unethical behavior that may occur in the fixed assets area.

  Prepare a statement of cash flows for nosker company

Prepare a statement of cash flows for Nosker Company using the direct method

  These financial statement items are for b

Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year.

  The job cost sheet for job 413 shows that 15236 in direct

a company assigns overhead cost to completed jobs on the basis of 116 of direct labor cost. the job cost sheet for job

  Assume susie levitt and katie shea of cityslips plan on

assume susie levitt and katie shea of cityslips plan on expanding their business to accommodate more product lines.

  How ethical standards different from financial accountants

Please read the Standards of ethical conduct for management accountants. (1992). How are the ethical standards different from those for financial accountants

  Compute each of the following operating income income loss

the hot aire company reported the following items on its income statement for2007.a. net operating revenues 956000b.

  What are the firm total liabilities

A firm has 1.5 million shares of common stock outstanding with a book value of $10 per share. The firm also has total assets with a book value of $12 million.

  Cost of goods sold relative to forfeiture

Twelve percent of the containers were not returned. The deposits are based on the container cost marked up 20%. What is cost of goods sold relative to this forfeiture?

  What amount should be reported as capital

On 2/1/y1 Mary began a service proprietorship with an initial investment of $2000 cash. What amount should be reported as 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