A $200 e-reader is sold in bulk to your store for $186. Calculate the trade discount rate. A. 8% C. 7% B. 92% D. 93%
Q: Given below are the statements of financial position of H and its subsidiary of S as at 31st…
A: Consolidation is the process of merging the accounts of a subsidiary with the parent entity.…
Q: Following is the balance sheet of Campbell Company for Year 3: CAMPBELL COMPANY Balance sheet Assets…
A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: Define transfer pricing and elaborate on FOUR (4) of its purposes. B. In deciding a transfer…
A: There are some transactions that take place within different divisions of an enterprise. Sometimes,…
Q: 2. Mr. Reis has these daily balances on his credit card for his last billing period. full the…
A: For calculation of average daily balance take the sum of all balances of each day then divide the…
Q: 18) Salaries of $675 were paid in cash. The journal entry A) debit to Accounts Payable and a credit…
A:
Q: The Hiei Company has a cycle time of 1.5days, uses a Raw and In Process (RIP) account and charges…
A: The total of all costs utilized to manufacture a product or service that has been sold is known as…
Q: project cost 1.100,000 has a life of 10years,has no salvage value,depriciation is straight-line to…
A:
Q: Brett and Andy applied for the same credit card from the same bank. The bank checked both of their…
A: Monthly percentage rate = APR / 12 (a) Bret monthly percentage rate = 12.6% / 12 Bret monthly…
Q: Zest Company noted the following information regarding its returnable containers for fiscal year…
A: Answer: c. P 80,000
Q: Roots — Launch a new on-line customizable winter T-shirt to your summer customers.
A: A digital marketing agency is a business that offers a wide range of marketing services in one…
Q: Net income $318,000 Preferred dividends $18,000 Shares of common stock outstanding 40,000 Market…
A: Given, Net income = $318,000 Preferred dividends = $18,000 Market Price per share = $64.5 Number of…
Q: variance iv. Direct labour efficiency variance v. Direct labour rate variance vi. Direct labour…
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: give a long explanation on fractional depreciation?
A: Introduction:- Depreciation is a non cash expenses. Depreciation is charged on fixed asset over a…
Q: Ablue Company had 50,000 shares of P100 par authorized. During 2004, first year of operations, the…
A: The contributed capital includes the total capital value from the issuance of common stock and…
Q: RADOMZO SECURITY SERVICES LTD. is a professional security company in Ghana. The company has a high…
A: Staff turnover or employee turnover is the term used to denote the tenure of the employees in which…
Q: The post-closing trial balances of two proprietorships on January 1, 2022, are presented below.…
A: To record the formation of the partnership firm, the assets of the firm are debited, liabilities are…
Q: 4 5 6 7 8 9 10 please solutions and answere because I'm answering in advance thanks!
A: As per our protocol we provide solution to the one question only but as you have asked more than one…
Q: Zest Company noted the following information regarding its returnable containers for fiscal year…
A:
Q: Rexford Company purchased a machine on January 1, 2017, for $57,600 cash. The machine has an…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: 9. Examine the time line for the annuity shown. 250 (1.015) 250 (1.015) 250 (1.015) 250 (1.015)23…
A: a) Duration of annuity = 6 years In this question annuity for 24 periods of 3 months,…
Q: Paul Company presented the following information pertaining to its investments in equity securities.…
A: Investment in equity securities can be designated in either way: 1. FVPL 2. FVOCI
Q: Prepare journal entries for each of the following transactions. (Credit account titles are…
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…
Q: please solve the sub-parts to be solved. thanks Ziggy Creations makes and sells a single product.…
A: The contribution margin is calculated as difference between sales and variable costs.
Q: The partnership agreement of Thomas, Gise, and Bosco provides for the following income ratio: (a)…
A: Lets understand the basics. Partnership is an agreement between two or more person who works…
Q: Alliance Corporation purchased inventory with an invoice price of $22,000 and credit terms of 1/10,…
A: Discount policies are given by the company in order to get the payments timely from the debtors. The…
Q: SportsWorld purchased equipment costing $10,000. The equipment has a residual value of $1,000, and…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: Cash $371 Accounts Payable $268 Accounts Receivable $429 Expenses $100 What is the amount of total…
A: Trial balance is the statement that accumulates the balance of all the ledgers in the two columns…
Q: 2. The estimated unit costs for CNR Inc., when it is operating at a production and sales level of…
A: Since we answer Upto three subparts, I am answering the first three subparts. Please resubmit the…
Q: On 12 April 2019, the board of directors of Ighawe Ltd formulated a plan to restructure their…
A: Here given the details of the importance of the restructuring provision which are made in accordance…
Q: 1-a. Compute the throughput time for each month. 1-b. Compute the delivery cycle time for each…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: Cash $13,000; Short-term Debt $21,000; Buildings and Equipment $420,000; Inventory, $44,000; Notes…
A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…
Q: p. has entered into a lease arrangement with Foodie Ltd. in which it has agreed to lease an item of…
A: Explanation of Concept A lease is defined as the contract between two parties for use of an asset.…
Q: ABC Co.’s salaried employees are paid twice a month. Information relating to salaries for the…
A: Introduction: Salaries payable is a current liability that contains the amounts owed to employees…
Q: Cash balance per books, September 30 $5,300 Deposits in transit 510 580 Notes receivable with…
A: Reasons of preparing BRS is as follows: Unpresented Cheques Cheques issued omitted to be recorded…
Q: Problem 3 On January 1, 20x9, Maykaya Corporation acquired 80 percent of Galisod Company's common…
A: In this question, we need to determine those answers as required. The questions are dealt with the…
Q: The product's joint cost ratio is calculated by? None of the above Number of units produced or sold…
A: Disclaimer: "Since you have asked multiple questions in a single question we answered the first…
Q: accrued salaries payable
A: Accrued salaries payable refers to the amount of salaries outstanding at the end of the year. It is…
Q: rual profit
A: Difference between Cash and Accrual Profit The cash basis and accrual basis of accounting are two…
Q: GENERAL JOURNAL ENTRIES For each of the following transactions, 1. Invested cash in the business,…
A: The journal entries are prepared to record day to day transactions on regular basis.`
Q: The usual sequence of steps in the transaction recording process is O analyze, journalize, post to…
A: Journal is a book of entries in which all the transactions made by the company are recorded…
Q: 8. If a FVTPL financial asset is bought, the investment account is
A: When Financial Asset is Bought, Value of Assets is Increased. Journal Entry :— Dr. Financial…
Q: The direct method as used by Ultimate Manufacturers is one method that can be used to re-assign…
A: Service department costs are the indirect costs to units produced and therefore these are known as…
Q: Machinery costing P820,000 on 1 January and P940,000 on 31 December were reported at net of…
A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…
Q: On December 1, 2019, an advance rent payment of $14,400, representing a three-month prepayment for…
A: Explanation of Concept Rent received in advance is treated as current liabilities and shall be…
Q: Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR…
A: The cost of goods sold is the cost allocated to the goods sold to the customer. It is calculated by…
Q: Task 2.3: Mann, Haney and Young are partners. Haney, who has a capital balance of $140 000, has…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Annual demand * [ (fixed cost / # orders per year) + variable cost] EOQ= 3 Annual Inventory *Σ Cost…
A: Economic order quantity can be calculated by the square root of twice of the product of annual…
Q: ABC Company, located in La Trinidad, Benguet, sold merchandise to Minda, a customer located in La…
A: Account terms a) FOB shipping point: -Purchaser is responsible for paying the freight charges. Since…
Q: What is the purpose of a bank confirmation and why are bank confirmations an important piece of…
A: The revenue cycle is defined as the accounting process by which a corporation keeps track of the…
Q: Manufacturers Southern leased high-tech electronic equipment from International Machines on January…
A: An annuity table present a method for determining the present value of an annuity. It contains a…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 0 S eBook Ask Print eferences Mc Graw Hill :: FI 2 Sophie Sue Breeders has the following voluntary withholdings to remit: AFLAC payable: $600.00 401(k) payable: $1,320.00 -WKCTC_....txt A Garnishments payable: $439.00 United Way contributions payable: $280.00 S W mend X Required: Create the General Journal entry on June 11, 2021, for the remittance of these withheld amounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 8 J DII FB Il I N M ( 9 K & F9 O ) A O F10 L * Help Save & Exit P command : Check my work Subw Show Al F12 option WTess3false Merchandise is sold for cash. The selling price of the merchandise is $2,000 and the sale is subject to a 7% state sales tax. The journal entry to record the sale would include a credit to Oa. Sales for $1,860 Ob. Cash for $2,000 O c. Sales Tax Payable for $140 Od. Sales for $2,140 Previous Submit Test f Email Instructor All work saved. 64°F ^ E I 99+A purchase invoice shows 10 items priced at $120 less trade discount 20%. A cash discount of 2%2% is allowed if settlement is made within the allowed credit period. How much will be paid if the cash discount applies? A $1,170 B $1,200 C $936 D $960
- eBook Show Me How Print Item Example 4-11 GROSSING-UP. Cotter Company wants to award a $4,000 bonus to Donna D'Amico. In addition, it wants the net bonus payment to equal $4,000. Assuming D'Amico is still under the OASDI/FICA limit, the calculation would be: A. $4,000 1 – 0.22 (supplemental W/H rate) – 0.062 (OASDI) – 0.0145 (HI) B. $4,000 = $5,685.86 grossed-up bonus 0.7035 C. Gross bonus amount $5,685.85* Federal Income Tax withheld 1,250.89 OASDI tax withheld 352.52 HI tax withheld 82.44 Take-home bonus check $4,000.00 If state or local taxes apply, they must also be included in the formula. *Need to subtract $0.01 from $5,685.86 in order to arrive at $4,000.00 (due to rounding). Mattola Company is giving each of its employees a holiday bonus of $900 on December 13, 20-- (a nonpayday). The company wants each employee's check to be $900. The supplemental tax percent is used. Nobody has capped for OASDI prior to the bonus check. As we go…company A issues an invoice upon selling its product to company bBelow is the information extracted from the invoiceprice : $ 100quantity: 50Term: n/3; 2/10date : 2022-oct-10 find the discount amount? and discount period?•¯¯¯**EF34 dentFunctions/Interface/acellus_engine.html?ClassID=1073315989 ip o 36 W S SE SE SO Days 1-3: $150 (initial balance) Days 4-20: $200 ($50 purchase) Days 21-30: $50 ($150 payment) ght © 2003-2023 International Academy of Science. All Rights Reserved. The balance on a credit card, that charges a 10.5% APR interest rate, over a 1 month period is given in the following table: finance charge = $ [?] Round to the nearest hundredth. 9 What is the finance charge, on the average daily balance, for this card over this 1 month period? MacBook Air W Enter 6 CDC Using Alternative Server C
- prcc riverguide-Search X [0/3.44 Points] https://www.webassign.net/web/Student/Assignment-Responses/submit?dep=33760244&tags=autosave#Q6 DETAILS Tutorial Exercise 46°F Clear PREVIOUS ANSWERS OneLogin Convert 30% to a decimal. percent 100% decimal = Step 1 Recall the following formula to calculate the trade discount, where the trade discount rate is a decimal. trade discount = list price x trade discount rate Submit A boutique buys some merchandise with a list price of $2,400. If the wholesaler extends a 30% trade discount rate, find the trade discount. 100% Enter a number. This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the skipped part. 21 X X % Grades for Marlena McCra x X Skip (you cannot come back) BRECMBC9 7.11.018.MI.SA. The list price was given to be $2,400 and a discount of 30% will be applied. Before substituting values into…m-Aug 28 + d.vst.idref%3DP7001016677000000000000000003B8F]!/4/2[P700101667700000000000... QAA E S4-3 Collins Woodworking accepts VISA and MasterCard at its store. Collins is charged a processing fee of 3% of the total amount of any credit card sale. Assume that Russell Knight purchases $8,000 of custom furniture and pays with a VISA card. Make the entry to record the sale to Knight. (You do not need to make the cost of goods sold entry.)nt Home Content CengageNOWv2| Online teach x Mail - Niyonzima Focus - Ou x + cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession. * A Calculator A $375,000 bond issue on which there is an unamortized discount of $40,000 is redeemed for $320,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. Cash Bonds Payable Gain on Redemption of Bonds Cash
- * CengageNOwv2 | Online teachir x d21 mnsu - Bing x |+ O https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSes. Problem 9-94B (Algorithmic) Note Computations and Entries (Straight Line) On January 1, 2020, Benton Corporation borrowed $930,000 with a 10-year, 8.75% note, interest payable semiannually on June 30 and December 31. Cash in the amount of $915,500 was recelved when the note was issued. Required: 1. Prepare the necessary journal entry at January 1, 2020. 2020 Jan. 1 Record issuance of notes at discount 2. Prepare the necessary journal entry at June 30, 2020. If required, round amounts to the nearest dollar. 2020 June 30 Record interest expense 3. Prepare the necessary journal entry at December 31, 2020. If required, round amounts to the nearest dollar. 2020 Dec. 31 11:36 AM a 4/6/20211. Chapter 7 Homew Compute the amount of the trade discount and the net price using the discount method. Trade Discount 15% List Price $845 Discount Amount a. Discount Amount: $126.75; Net Price: $718.25 b. Discount Amount: $128.10: Net Price: $716.90 c. Discount Amount: $215.30; Net Price: $629.70 d. Discount Amount: $126.57; Net Price: $718.43 Net PriceageNOWv2 | Online teachin Cengage Learning G 8000x2% - Google Search + akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false w. * eBook Show Me How E Calculator Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Returns and Allowances Merchandise Freight (Invoice (Invoice Amount) Paid by Seller Freight Terms Amount) a. $24,000 $300 FOB destination, 1/10, n/30 $2,000 b. 31,500 250 FOB shipping point, 2/10, n/30 2,500 a. b. US O v 1 8:30 96