total amount of the credit-card sales on the record for the date 09/24/10. 4/10 ...... Sales Refunds al of the credit-card sales for 09/24/10 is $ $72.37 $72.29 $91.62 $180.47 $488.57 $184.67 $52.32 $91.41 $75.09 $126.67 $291.95 $258.07 $135.36
Q: On November 1 of Year 1, Drucker Co. acquired the following investments in equity securities measure...
A: The process of recording business transactions in the books of accounts for the first time is known ...
Q: Given the following for Silver Company in 2019: revenues P5,300,000, manufacturing costs P2,200,000 ...
A: Contribution margin = Sales - Variable Costs Variable manufacturing cost = P2200,000 *50% = P1100,00...
Q: AS10,000 bond issue with a stated rate of interest of 10%, when the market rate of interest is 12%, ...
A: Issue price of the bonds = Present value of principal + Present value of interest payments where, ...
Q: Samsam, single status and without dependent, is the Manager in Walter Mart Company. He is earning Ph...
A: Working :- Payroll tax at 1.19% of PHP 45000 = 535.50 ...
Q: ompany is contemplating factoring its accounts receivable. The factor will acquire P250,000 of the c...
A: solution : Company is contemplating factoring its accounts receivable. The factor will acquire P250,...
Q: Problem 11-5: Equivalent Units of Production and Cost of Produc- tion Report. Malakas Corporation is...
A: The equivalent units for Assembling Department in Malakas Corporation would be computed under the av...
Q: 1. She purchased the merchandise for P 40,000 2. Sold merchandise for cash P 50,000 for the month 3....
A: operating activities relat to operation of business
Q: In the fiscal year just concluded, the University Shop reported net income of. P4,000,000 on sales o...
A: Fixed costs are those costs which do not change with change in level of activity. Fixed costs = Con...
Q: Problem #8 Purchase Transactions Several purchase transactions of the Joey Beringuela Pharmacy are p...
A: Purchases - Purchases are the acquisition transaction of the inventory for the purpose of selling in...
Q: Gigondas Incorporated had the following information: Avtivity Driver Unit Variable Cost Level of ...
A: Setup Cost = 1,000 x 40 = 40,000 Engineering cost = 60 x 1,000 = 60,000 Required Unit = Fixed cost/C...
Q: The company made purchases of P60,000 and sales of P85,000 with P10,000 left in inventory. If the co...
A: Cost of sales means how much cost of goods or products has been sold to the customers. Some addition...
Q: Calculate the monthly service charge to a business that had an average balance of $729 and wrote 40 ...
A: As posted multiple independent questions we are answering only first question kindly repost the unan...
Q: Cormack purchased merchandise with a list price of P60,000 from the Murray. Murray offers its custom...
A: Discount amount = Lis price x discount rate = P60,000 x 2% = P1,200
Q: Selected items from Lemus Enterprises 12-31-2019 and 12-31-2018, financial statements are presented ...
A: Assets Turnover Ratio determines the ability of a firm or company to generate revenue from its asse...
Q: Cash and cash equivalents, January 1, 2019 86,000 Cash and cash equivalents, December 31,2019 Acme F...
A: Cash flow statement is one of the financial statement of the business, which shows all cash inflows ...
Q: 1. Determine the correct amount of the following as of Dec. 31, 2019: a. Trade receivables, current ...
A: Note: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. ...
Q: Is Mary Jane's father considered a dependant?
A: As per Internal Revenue Service, dependants are the qualified child or any other relative of a taxpa...
Q: An entity provided the following information during the current year: January 1 December 31 Fair val...
A: Interest cost = Beginning Projected benefit obligation x discount rate = 4,500,000*10% = 450,000
Q: Kiss Greetings planned to raise $500,000 by issuing bonds. The bond certificates were printed bearin...
A: In the given case,The bond certificates were printed bearing a stated interest rate of 6%, which was...
Q: SHORT ANSWER Why is it important that a small business manager understand accounting if the company...
A: Accounting, the important element: Accounting is essential to the victory of any business in a succ...
Q: ash Flow $1,000 t Rate/Period 6% of Periods 5 Value using a Time Line 1 2 ws Value of Each Cash Flow
A: Present value refer to the concept of determining the value of money on current date is comparativel...
Q: COMPREHENSIVE PROBLEM Juana's sari-sari store had the following transactions during the year: a. Pur...
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Sunrise Limited purchased a helicopter for R4 500 000 at a residual value of R150 000 on 30 June 201...
A: Deferred tax, in its simplest form, refers to tax that must be paid or has already been paid as a re...
Q: OB. S1.00
A: Under straight line method of depreciation, equal amount is charged as depreciation for every year. ...
Q: A heincome More Info Requirements On January 4. 2018. Baley Enterprises. Inc. paid S205.600 for equi...
A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with t...
Q: Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division...
A: Net operating income: net operating income is the income generated by the company from its operation...
Q: Yoxo Company writes checks totaling P3,000. These checks clear in 7 days. Simultaneously, the compan...
A: Collection Float = Checks received per day × clearing time in days Disbursement Float = Amount of ...
Q: TN Furniture TN Furniture has developed a new type of luxury car seat. The estimated labour time f...
A: b=learning coefficient=(LN(0.75))/(LN(2))=-0.415 y=avg time per unit of output a=time taken for fist...
Q: Brunswick Parts is a small manufacturing firm located in eastern Canada. The company, founded in 194...
A: Total product cost per unit=Direct material+Direct labor+Manufacturing overhead
Q: On January 1, 2001, MM Inc. constructed a building classified as owner occupied property at a cost o...
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: rate. Hours worked Total Hours Reg. Rate Employee S M T Th F S Reg. O.T. Rectra, J. 7.5 8 10 9.25 7 ...
A: The regular wages of an employee is the direct labor cost and overtime wages are overhead cost.
Q: book value per share
A: Book value per share = (Ordinary share capital + Retained earnings)/Number of ordinary shares outsta...
Q: Indicate how each of the following should be classified on the company’s statement of financial posi...
A: Transaction: A finalized agreement between a buyer and a seller to trade products, services, or fina...
Q: A manufacturer of thermostats uses a kanban system tocontrol the fl ow of materials. Th e packaging ...
A: Kanban (Japanese for sign) seems to be a technique of stock control being used just-in-time (JIT) ma...
Q: Silverado Company incurred the following costs in the production of 10,0UL units of its main product...
A: Contribution margin = Sales - Variable Cost Varibale cost = 150+120+180+100=550 per unit Selling p...
Q: Platinum Corporation gathered the following data for its maintenance costs: Units produced Total cos...
A: A high low method is used to differentiate the fixed cost and variable cost.
Q: Company Deli writes checks averaging P30,000 per day that require 4 days to clear. By what amount wi...
A: Let us assume that the company has just started the operations. Now company would be wrriting check...
Q: 104 Exercise 2-6 Your analysis of Accounts Receivable carried at P2,406,750 on Dec. 31, 2019 shows t...
A:
Q: ABC Company has fixed costs of P1,000,000O, Break-even sales of P 5,000,000 and contribution margin ...
A: Break even sales = Fixed costs / contribution margin ratio P5000000 = Fixed costs / 20% Fixed costs...
Q: what
A: In rectification of errors we have to pass rectifying entry to nullify ...
Q: S Agricultural supplies is VAT-registered business and had the following sales during the last 12-mo...
A: Working Notes :- VAT...
Q: Which of the following statements is correct about credit period? A. If a customer purchases goods ...
A: Credit sales means when goods of the business are sold on account to customers and customers has not...
Q: investment opportunity costing 120,000 is expected to yield net cash flows of 40,000 annually for fi...
A: Solution a: Computation of NPV Particulars Period Amount PV factor at 12% Present Value Cash...
Q: Calculate the taxable value of the fringe benefit using the statutory formula in the following case ...
A: It means benefit provided to the employee free of cost other than salary(in kinds)
Q: During 2020 transactions relating to the accounts were as follows: Sales on account P4,800,000 Cas...
A: Allowance Method: Under this method, there is a reserve created for bad debts that are expected i...
Q: how much should each receive from the profit
A: Partnership firm: A partnership firm is a firm where 2 or more people come together for the purpose ...
Q: An auto repair company needs a new machine that will check for defective sensors. The machine has an...
A: Net Operating Income = $120,000 - $50,000 Net Operating Income = $70,000
Q: Profitability Ratios The following selected data were taken from the financial statements of Vidahi...
A: Profitability ratios are a sort of accounting ratio that can be used to determine a company's financ...
Q: Assets pledged to fully secured creditors a. Statement of Love Affairs b. Statement of Corporate...
A: A fully secured creditor refers to those who are given collateral as against the debt given by them....
Q: . LO.3 (Levels of costs) Carpenter Inc. designs industrial tooling parts and makes the molds for tho...
A: Different cost levels are being used by a business entity in order to classify the costs and for the...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Calculate the monthly service charge to a business that had an average balance of $729 and wrote 40 checks. EIT Average Balance Maintenance Charge Per Check Charge $5000 $0.00 $0.00 ..... The monthly service charge is $At what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is $42,500 and the allowance for uncollectible accounts is estimated at 16% of gross receivables? Select one: a. $42,500 b. $35,700 c. $28,900 d. $6,800In the credit terms 1/10, n/30, what does the "1" represent? Group of answer choices number of days when the entire amount is due number of days in the discount period full amount of the invoice 1% cash discount if paid within the credit period
- Calculate the credit given for the partial payment and the net amount due on the invoice (in $). (Round your answers to the nearest cent.) Amount ofInvoice Terms ofSale PartialPayment Credit forPartial Payment NetAmount Due $8,303.00 2/10, n/30 $2,400 $ $need help finding the net payment and credit towards account still due invoice amount= $538.42 date of invoice= April 23 Date of payment= May 14 credit terms= 3/10,1/15, n/30 E.O.M Net price= ?Next Question Find the credit-card sales less refunds for the Sales/Refund record for 09/24/10. 24/10 Sales Refunds ..... $71.86 $451.59 The credit-card sales less refunds for 09/24/10 is $ $76.53 $85.04 $149.72 $115.02 $81.45 $88.49 $30.75 $111.02 $229.23 $254.84 $162.81
- Outstanding Deposits Date Check Number Date Amount Junouy s 150.190 2000l 287.50 13.50 15 .15 Total to 2.75 $314.50 2 A coshier had credit card sales of8752.40 over the last week, and issued refunds in the amoun If the fee per transaction in 2.5%, how much is owed, what are the net credit sales?Interest Revenue on the income statement is $3.900, beginning Interest Receivable is $360, ending Interest Receivable is $420, and Net Sales Revenue is $31,800. What is the cash receipt for interest? OA. $27,860 OB $3,100 OC. $3,140 OD. $3.860Print Item From the data below for Wong Company, prepare the closing entries for the year ended December 31. Cash dividends $47,000 Sales 982,600 Sales returns and allowances 3,960 Interest revenue 10,521 Factory overhead (debit) 210,620 Factory overhead (credit) 210,620 Cost of goods sold 726,820 Wages expense 130,745 Supplies expense 9,900 Depreciation expense-office equipment 6,900 Utilities expense 5,840 Bad debt expense 1,680 Advertising expense 11,120 Interest expense 9,860 Income tax expense 32,050 If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDIT
- 9. Which of the following is recorded upon receipt of a payment on April 7, 2021, by a customer who pays a $900 invoice dated March 3, 2021, with terms 2/10, n/60? A. Debit Sales Discounts $18. B. Credit Purchase Discounts $18. C. Credit Accounts Receivable $882. D. Debit Cash $900.Brickman’s ending balance of Accounts Receivable is $19,500. Use the data in the preceding question to compute the net realizable value of Accounts Receivable at year-end. $16,800 $19,500 $17,400 $17,900Determine credit sales from the following information: Accounts Receivables Dec 31 2002 $4000, and on Dec. 31 2003 $6000 Cheques received from customers $32000.
