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The vendor now offers a quantity discount of $0.02 per box if the company buys pens in. Suppose Stanley's Office Supply purchases 50,000 boxes of pens every year. Ordering costs are $100 per order and carrying costs are $0.40 per box. Moreover, management has determined that the EOQ is 5,000 boxes. Note: The ordering costs and EOQ differ from ... ... purchased and payment history), digital network activity (interactions with ... Starting at $50,000 for ages 18 to 54. Starting at $25,000 for ages 55 to 85.The new accounting equation would be: Assets $30,200 (Cash $13,900 + Supplies $500 + Prepaid Rent $1,800 + Equipment $5,500 + Truck $8,500) = Liabilities $200 + Equity $30,000. 7. Selling services for cash. During the month of February, Metro Corporation earned a total of $50,000 in revenue from clients who paid cash.This policy statement will discuss the treatment of capital personal property which has a cost of $50000 or less on revocation of an election under ...

Yes, Google is tracking your purchases, but this isn’t a new thing. Google’s collection mechanisms—information it pulls in from your Gmail—have been going on for some time. If this is your first time hearing about this mess, visit this page...Earn 50,000 Elite miles during this time and you'll have Elite Gold for ... R, L, P, 125% 100%. Economy, Y, B, E M, H, W Q, N, V, K, G, 100% 75% 50%. Or even ...S&P 500 Periodic Reinvestment Calculator (With Dividends) Investing. Written by: PK. Below is a S&P 500 Periodic Reinvestment Calculator. It allows you to run through investment scenarios as if you had been invested in the past. It includes estimates for dividends paid, dividend taxes, capital gains taxes, management fees, and inflation.

It has become common these days to purchase high-end electronic gadgets, furniture and household appliances (such as fridge, TV, washing machine etc.) using installment loans. Manufacturers and sellers lure buyers with low EMI payments and buyers fall into the trap without understanding the interest rate for such loans. Given the loan …(iii) An advance of ₹ 10,000 given alongwith purchase order was wrongly recorded in purchases. (iv) General expenses include ₹ 20,000 paid for Wages. (v) Wages include a sum of ₹ 50,000 spent on the erection of a Scooter Stand for employees. (vi) Advance for Furniture is for furniture at proprietor's residence. 20. Chap 13 in ra - otal sales divided by capital invested.C. profit divided by capital invested.Corporate Financial Accounting. Accounting. ISBN: 9781305653535. Author: Carl Warren, James M. Reeve, Jonathan Duchac. Publisher: Cengage Learning. SEE MORE TEXTBOOKS. Solution for Goods totaling P 50,000 were purchased February 2 with terms of 2/10, n/30. Returns of P 10,000 were made on February 10. What discounts, if any….

Division P Division Q Variable Cost Rs. 100 per unit Rs. 120 per unit Fixed cost each year Rs. 1,20,000 Rs. 90,000 Head Office management decided that a transfer price should be set that provides a profit of Rs. 30,000 to Division P. What should be the transfer price per unit ? (A) Rs.145 (B) Rs. 125 (C) Rs. 120 (D) Rs. 135

Cost of Goods Sold - COGS: Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in ...

A balance sheet needs to be prepared due to following reasons: 1. To show the financial position of a business. 2. To show much assets and liabilities a business has. 3. It serves as an information source for internal and external users. 4. It acts as a reference for balances that need to be carried forward.Particulars Process P Process Q Process R Direct Material 38,000 42,500 42,880 Direct Labour 30,000 40,000 50,000 Production overheads of ` 90,000 were recovered as percentage of direct labo ur. 10,000 kg of raw material @ ` 5 per kg. was issued to Process P. There was no st ock of materials or work in process.Chapter 2. Legal Concepts. Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first 6 months. Q dies suddenly and the beneficiary is paid $500,000. This exchange of unequal values reflected which insurance contract features. Aleatory.inventory of Z5 by 50,000 kilos and increase the finished goods inventory of A1 by 6, units. There is no work-in-process inventory. How many kilos of Z5 is New Jersey budgeting to purchase in 2010? a. 138,000 c. 186, b. 162,000 d. 238, ... April purchases are projected to be P 80,000; May purchases will be P 120,000. Cash payments on account for May will …(2) "Component purchases" means purchases of the component parts of an item that in normal purchasing practices would be purchased in one purchase. (3) "Current funds" means funds in the county treasury that are available in the current tax year, revenue that may be anticipated with reasonable certainty to come into the county treasury during ...

Click here👆to get an answer to your question ️ From the following information, calculate the value of goodwill of the firm:(i) At three years purchase of Average Profit.(ii) At three years purchase of Super Profit.(iii) On the basis of capitalisation of Super Profit.(iv) On the basis of capitalisation of Average Profit.Information:(a) Average Capital Employed is Rs. 6,00,000 .(b) Net ...HP Ryzen 5 Hexa Core 5500U - (8 GB/512 GB SSD/Windows 11 Home) 14s-fq1092au Thin and Light Laptop. Rs 49490. HP Pavilion Ryzen 5 Hexa Core 5625U - (8 GB/512 GB SSD/Windows 11 Home) 14-EC1003AU Thin and Light Laptop. Rs 54990. HP Core i3 11th Gen - (8 GB/512 GB SSD/Windows 10 Home) 14s-dq2606tu Thin and Light Laptop.Why You Need 50k of Life Insurance Single People - A $50,000 insurance policy for young people is an excellent place to start when you do have kids yet.; New Parents - Parents with a newborn child can benefit from purchasing a small policy.; Newlyweds - Most married couples buy a little policy to cover each other early in their careers.; Debt Protection - To pay off outstanding debts ...A PROBLEM 12-16 Purchase Commitment Gain on purchase commitment [50,000 x (55 - 40)] = P750,000 (A) To record the actual purchase on March 31, 2016: Purchases (50,000 x 55) 2,750,000 Estimated liability for purchase commitment 750,000 Accounts payable/Cash 2,750,000 Gain on purchase commitment 750,000 The gain to be recognized is limited to the ...The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. ... 50,000 50,000 48 9.86 2021-02-17: BITE: Smart ...

Purchases of commercial software packages 1,200,000 Returns and allowances 50,000 Purchase discounts taken 17,000 Purchases were made throughout the year on terms 2/10,n/30. All returns and allowances took place within purchase and prior to any payment on account.Với những người hay có thói quen ăn vặt thì chỉ với 5 nghìn đồng, họ có thể mua được 2 cái gỏi cuốn, hoặc 1 xâu cá viên chiên hay 3 cuốn bò bía. Dù chẳng giúp no …

Cost of Goods Sold = Opening Stock + Purchases + Direct Expenses – Closing Stock Cost of Goods Sold = 40,000 + 50,000 + 10,000 – 15,000 = ₹ 85,000 Question 3(B) Ascertain cost of Goods Sold and Gross Profit from the following: ₹ Opening Stock 32,000 Purchases 2,80,000 Direct Expenses 20,000 Indirect Expenses 45,000 Closing Stock 50,0001 day ago · P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011. What will the insurer pay to P's beneficiary? (a) Invested Rs. 4,00,000 cash and office equipment with Rs.1,50,000 in a business called Bobbie Consulting. (b) Purchased land and a small office building. The land was worth Rs. 3,00,000 and the building worth Rs. 7,00,000. The purchase price was paid with Rs. 2,00,000 cash and a long term note payable for Rs. 8,00,000.(viii) The sales and profit of a firm for the year 2016 are Rs.1,50,000 and Rs.20,000 and for the year 2017 are Rs.1,70,000 and Rs.25,000 respectively. The P/V Ratio of the firm is (a) 15% (b) 20% (c) 25% (d) 30% (ix) Standard quantity of material for one unit output is 10 kg @ Rs.8 per kg. Actual output during a given period is 600 units. The standard quantity of …Cayden Company provided the following information:Inventory, January 1Cost P350,000Retail 650,000Purchases during the yearCost 2,900,000Retail 4,800,000Freight in 230,000Purchase ReturnsCost 100,000Retail 175,000Purchase Discount 210,000Sales 5,000,000Sales Discount 115,000Sales Returns 200,000Markups 150,000Markups cancellation 70,000Markdown 60,000Estimated normal shrinkage 2% of ... The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. ... 50,000 0.4000 50,000 0.4000 20,000 Adjusted Price ...Business Accounting Russell Retail Group begins the year with inventory of $55000 and ends the year with inventory of $45,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 Purchase on May 6 Purchase on September 8 Purchase on December 4 $210,000 130,000 160,000 410,000 Required: Calculate ...Date. Reporting Owner. Form. Trans. Shares. Owned. Security Name. 2/11/2014. Frost Gamma Investments Trust. 4. P-Purchase. 32000. 53331350. Common Stock. 2/11/2014 ...

Corporate Financial Accounting. Accounting. ISBN: 9781305653535. Author: Carl Warren, James M. Reeve, Jonathan Duchac. Publisher: Cengage Learning. SEE MORE TEXTBOOKS. Solution for Goods totaling P 50,000 were purchased February 2 with terms of 2/10, n/30. Returns of P 10,000 were made on February 10. What discounts, if any….

Jan. 8 Cash purchases 8,000 Jan. 10 Sold goods to Ahmed & Co., Lucknow 10,000 Jan. 11 Deposited cash in bank 50,000 Jan. 13 Purchased a computer for office 20,000 Jan. 15 Took a loan from Mehboob 70,000 Jan. 16 Goods returned by Ahmed & Co. 2,000 Jan. 17 Purchased furniture from Mehfil Mart, Kolkata 10,000

P & L A/c (Balancing fig.) _____ _____ Illustration 1 From the following balances extracted from the books of M/s Luxmi & Sons, prepare a Trading Account for the year ended 31 st March, 2012. Particulars Amount Opening stock 6,500 Purchases 45,000 Sales 72,000 Purchases Returns 500 Sales Returns 1,500 Carriage 1,200 Wages 4,800 Fuel & Power ...inventory of Z5 by 50,000 kilos and increase the finished goods inventory of A1 by 6, units. There is no work-in-process inventory. How many kilos of Z5 is New Jersey budgeting to purchase in 2010? a. 138,000 c. 186, b. 162,000 d. 238, ... April purchases are projected to be P 80,000; May purchases will be P 120,000. Cash payments on account for May will …Earn 50,000 bonus points worth $750 on travel when you spend $4,500 in the first 90 days of account opening. Earn 5X points on prepaid hotels and car rentals booked directly in the Altitude Rewards Center. Earn 3X points for every $1 spent on eligible travel purchases and 3X points on eligible mobile wallet purchases.A balance sheet needs to be prepared due to following reasons: 1. To show the financial position of a business. 2. To show much assets and liabilities a business has. 3. It serves as an information source for internal and external users. 4. It acts as a reference for balances that need to be carried forward. Beginning inventory P 50, Net purchases 150, Net sales 300, Percentage markup on cost 66%. A fire destroyed Joseph’s October 31 inventory, leaving undamaged inventory with a cost of P3,000. Using the gross profit method, the estimated ending inventory destroyed by fire is. a. P17, b. P77, c. P80, d. P100, SOLUTION: Inventory 50,000 Cost of sales Purchases 50,000 Accounts payable 3. Inventory 20,000 Cost of sales 4. ... P 1,411,100 Purchase Register 12/27 RR#545 12/28 547 12/29 ...S&P 500 Periodic Reinvestment Calculator (With Dividends) Investing. Written by: PK. Below is a S&P 500 Periodic Reinvestment Calculator. It allows you to run through investment scenarios as if you had been invested in the past. It includes estimates for dividends paid, dividend taxes, capital gains taxes, management fees, and inflation.Purchases 62,000 3,05,000 3,05,000 (ii) Trial Balance as at March 31, 2014 (Using Balances Method) Account Title L.F. Debit Credit Balance Balance Rawat’s Capital 60,000 Rohan’s Capital 20,000 Machinery 17,000 Rahul 20,000 Sales 70,000 Cash 43,000 Wages 5,000 Depreciation 3,000 Purchases 62,000 Total 1,50,000 1,50,000Dec 10, 2020 · P purchases a $50,000 whole life insurance policy in 2005. One of the questions on the application asks if P engages in scuba diving, to which P answers “No”. The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011. What will […] Additional Information needed for Preparation of the Statement of Cash Flows Balances at 1/1/18: Cash $389,000 Dividends Payable $80,000 A/R 50,000 A/P 60,000 AFDA (10,000) Salaries Payable-0- Inventory 300,000 Utilities Payable 7,000 Prepaid Rent-0- Interest Payable 25,000 Prepaid Insurance-0- Unearned Rent-0- Interest Receivable-0- Income Taxes Payable 40,000 Supplies 10,000 The only change ...Purchases 62,000 3,05,000 3,05,000 (ii) Trial Balance as at March 31, 2014 (Using Balances Method) Account Title L.F. Debit Credit Balance Balance Rawat’s Capital 60,000 Rohan’s Capital 20,000 Machinery 17,000 Rahul 20,000 Sales 70,000 Cash 43,000 Wages 5,000 Depreciation 3,000 Purchases 62,000 Total 1,50,000 1,50,0001. The statement of retained earnings for 2019 showed net income of P1,500,000 and. cash dividend paid of P300,000. 2. During the year, the entity purchased equipment for cash and issued share capital. for cash. Required: Prepare a statement of cash flows for the current year using the indirect method. f Answer:

Division P Division Q Variable Cost Rs. 100 per unit Rs. 120 per unit Fixed cost each year Rs. 1,20,000 Rs. 90,000 Head Office management decided that a transfer price should be set that provides a profit of Rs. 30,000 to Division P. What should be the transfer price per unit ? (A) Rs.145 (B) Rs. 125 (C) Rs. 120 (D) Rs. 135(viii) The sales and profit of a firm for the year 2016 are Rs.1,50,000 and Rs.20,000 and for the year 2017 are Rs.1,70,000 and Rs.25,000 respectively. The P/V Ratio of the firm is (a) 15% (b) 20% (c) 25% (d) 30% (ix) Standard quantity of material for one unit output is 10 kg @ Rs.8 per kg. Actual output during a given period is 600 units. The standard quantity of …Gross Profit = 30% on Cost Let the Cost of Goods sold be ' x ' Gross Profit = 30 100 x Cost of Good Sold = Sales − Gross Profit x = 19,50,000 − 30 100 x x + 30 100 x = 19,50,000 100 x + 30 x 100 = 19, 50, 000 x = 19, 50, 000 × 100 130 = Rs 15, 00, 000 Cost of Good Sold = Opening Stock + Net Purchases + Direct Expenses − Closing Stock 15 ...A. Debit to purchases of P45,510 B. Credit to purchases of P3,900 C. Net debit to purchases of P 41,610 D. Net credit to purchases of P 41,610. 4. The net adjustment to accounts payable is A. P3,900 increase C. P41,610 increase B. P3,900 decrease D. P41,610 decrease 5.Instagram:https://instagram. earthquake number scaleku vs howardhow long have insects been aroundthomas useful stories vhs [50,000+(45K/1)] 87, Add: Purchases 500, Cost of Goods Available for Sale 587, Less: MI, end [70K+(60K/1] (120,000) 467, Gross Profit 370, Less: Expense(120K+50K) (170,000) Net Income P 200, Charito Corporation retails merchandise through its home office store and through a branch store in a distant city. Separate ledgers are maintained by the home …(a) Acquired machinery for ₹2,50,000 paying 20% by cheque and executing a bond for the balance payable. (b) Paid ₹2,50,000 to acquire shares in Informa Tech Ltd. and received a dividend of ₹50,000 after acquisition. (c) Sold machinery of original cost of ₹2,00,000 with an accumulated depreciation of ₹1,60,000 for ₹60,000. ku swimcraigslist odd jobs fort myers Purchase = 50,000 boxes. Ordering Cost = 0.40 USD per box. Economic Order Quantity: 5000 boxes. Our EOQ is 5000: Find the costs related to the offer without it first, then. Ordering Cost is equal to (50000/5000) x 100, or USD $1000. Carrying Cost is equal to (5000/2) x 0.4, or USD $1000. Before accepting the offer, the total cost was 1000 ...The following data has been extracted from the books of ABC Company Ltd as of 31/12/2018: Sales: 100,000 Stock as of 31/12/2018: 40,000 Purchases: 50,000 Stock as of 01/01/2018: 30,000 Discount Allowed: 5,000 Discount Received: 4,000 Requirement: Calculate the Gross Profit or Prepare the Trading Account. publix 0611 M Purchases a 70,000 in life insurance policy with premium payments of 550 a year for the first five years. At the beginning of the six-year the premium will increase to $800 per year for main level there after. ... P Purchases 50,000 whole life insurance policy in 2005. One of the questions on the application ask if he engages in scuba diving ...Calculate closing stock from the following details opening stock Rs. 20,000; cash sales Rs. 60,000 ; credit sales Rs. 40,000 ; purchases Rs. 70,000 . Rate of gross profit on cost 33 1/3%.Purchase = 50,000 boxes. Ordering Cost = 0.40 USD per box. Economic Order Quantity: 5000 boxes. Our EOQ is 5000: Find the costs related to the offer without it first, then. Ordering Cost is equal to (50000/5000) x 100, or USD $1000. Carrying Cost is equal to (5000/2) x 0.4, or USD $1000. Before accepting the offer, the total cost was 1000 ...