P purchases a 50000
Items in Inventory On December 31, Pitts Manufacturing Company reports the following assets: Cash $50,000 Raw materials $74,000 Work in process 176,000 Marketable securities 25,000 Equipment 950,000 Finished goods 150,000 Building 1,200,000 Goodwill 50,000 What is the total amount of Pitts' inventory at year-end? BUY.16 Cash purchases ₹ 50,000 amount paid by cheque. 20 Invoiced goods to Satish ₹ 80,000 at 12% GST and the amount received by cheque. 25 Paid for Telephone charges ₹ 90,000. 27 Mrs. Varsha bought goods from us ₹ 90,000 at a 12% Trade Discount. 28 Purchased goods from Abhijeet & Sons ₹ 1,50,000 at 18% GST.
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G purchased a $50,000 single premium, Straight Life Annuity 2 years ago. G has been receiving monthly payments from the annuity. When G dies, the insurer. Does not have …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. 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?PURCHASES JOURNAL Comp Purchase Purchases Input tax A/P Cash Purchases Date from Debit Debit Credit Credit 6 BBB 70,000 8,400 78,400 12 DDD 35,000 4,200 39,200 13 XXX 40,000 4,800 44,800 25 FFF 45,000 5,400 50,400 Total 145,000 17,400 123,200 39,200 SALES JOURNAL 162,400 162,400 A/R Cash Sales Sales Output tax Date Sold to Debit Debit Credit ...
Goodwill for this purpose shall be calculated at two years' purchase of the weighted average normal profit of past three years. Weights being assigned to each year 2017−1; 2018−2 and 2019−3. Profits of the last three years were: 2017 − Profit ₹ 50,000 (including profits on sale of assets ₹ 5,000).QUESTION 34. Parent Co. purchases 100 percent of Son Company on January 1, 20X1, when Parent's retained earnings balance is $520,000 and Son's is $150,000. During 20X1, Son reports $15,000 of net income and declares $6,000 of dividends. Parent reports $105,000 of separate operating earnings plus $15,000 of equity-method income from its 100 ...If we can find the purchase price of each car, then we can find the profit or loss he made on the sale of both cars. Let’s first find the dealer’s purchase price for the sale in which he made a 25% profit. If we let x = the purchase price, p = profit, and 20,000 = sale price then we can create the following equation: p = 0.25x 20,000 – x ...Question 1. prepare Trading Account from the following particulars for the year ended March 31, 2021: Purchases ₹2,20,000. Sales ₹4,00,000. Direct Expenses ₹70,000. Closing stock ₹30,000. Gross Profit: ₹1,40,000. Question 2. prepare Trading Account from the following particulars for the year ended March 31, 2021:A trading account’s assets are segregated from those held in a long-term buy-and-hold strategy. The profit and loss statement, abbreviated as P&L, is a financial statement that summarises revenues, expenditures, and expenses incurred during a specific time period, generally a fiscal year.
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 20.0000 50,000 20.0000 1,000,000 Adjusted ...$50,000 but less than $100,000 ... The Distributor may pay a dealer reallowance or placement fee to the dealer as shown on NAV purchases of Investor A Shares of ... ….
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Goodwill for this purpose shall be calculated at two years' purchase of the weighted average normal profit of past three years. Weights being assigned to each year 2017−1; 2018−2 and 2019−3. Profits of the last three years were: 2017 − Profit ₹ 50,000 (including profits on sale of assets ₹ 5,000).Study with Quizlet and memorize flashcards containing terms like If X wants to buy $50,000 worth of permanent protection on his/her spouse and $25,000 worth of 10-year Term coverage on X under the same policy, the applicant should purchase, P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a …
(80% x 1,50,000 units x ` 14) - ` 16,80,000 Total price - ` 28,80,000 (e) The annual demand for a product is 6,400 units. The unit cost is `6 and inventory carrying cost per unit per annum is 25% of the average inventory cost. If the cost of procurement is `75, what is the time between two consecutive orders ? Answer. EOQ = ` 6 x 25/100Corporate 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….
mini jet boat rc 24 Months/50,000 Miles†. (E-Rod: 36 Months/50,000 Miles). Designed, engineered ... Block (P/N 12623967): Cast-aluminum with six-bolt, cross-bolted main caps(i) D. Mahapatra commenced business with cash of Rs 50,000 and Rs 1,00,000 by cheque; goods Rs 60,000; machinery Rs 1,00,000 and furniture Rs 50,000. (ii) 1/3 rd of above goods sold at a profit of 10% on cost, and half of the payment is received in cash. (iii) Depreciation on machinery provided @10%. (iv) Cash withdrawn for personal use Rs 10,000. airfare must be ticketed by concur924 north 25th street in milwaukee wisconsin street view Company S is a 100%-owned subsidiary of Company P. On January 1, 20X9, Company S has $200,000 of 8% face rate bonds outstanding, which were issued at face value. The bonds had 5 years to maturity on January 1, 20X9. Premiums or discounts would be amortized on a straight-line basis. On that date, Company P purchased the bonds for $198,000.(i) D. Mahapatra commenced business with cash of Rs 50,000 and Rs 1,00,000 by cheque; goods Rs 60,000; machinery Rs 1,00,000 and furniture Rs 50,000. (ii) 1/3 rd of above goods sold at a profit of 10% on cost, and half of the payment is received in cash. (iii) Depreciation on machinery provided @10%. (iv) Cash withdrawn for personal use Rs 10,000. scenographer meaning CHAPTER 5 Audit of Inventory. Exercises - Analysis of Transactions 1. Moneba Company bought merchandise on January 2, 2006 from Lynn Company costing P15,000; terms, less 20%, 20% down payment, balance 2/10, n/30. Two days after, P2,000 worth of merchandise was returned due to wrong specification. Moneba Company paid the account within the discount …Ending Inventory = Cost of Goods Available for Sale – Cost of Goods Sold = 1,000,000 – 800,000 = P200, Gross Profit = Net Sales - Cost of Goods Sold = 685,000 – 800,000 = P-115, nullnull Current Ratio austin reaves dates joined 2018dr justin robertschristian braun P purchases a $50,000 term life insurance policy in 2005. One of the questions on the application ask 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. award presentation P purchases a $50,000 term life insurance policy in 2005. One of the questions on the application ask 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. furinno shelvesenergy pyramid in tropical rainforestwikapeadia G purchased a $50,000 single premium, Straight Life Annuity 2 years ago. G has been receiving monthly payments from the annuity. When G dies, the insurer. Does not have …