Amara Company made sales using the following list prices and trade discounts. What amount should be recorded
Question:
1. List price of $540 and trade discount of 30 percent.
2. List price of $640 and trade discount of 20 percent.
3. List price of $220 and trade discount of 40 percent.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Trade discount The difference between the list price and invoic...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0073396958
2nd edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Accounting questions
-
Vanessa Company made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $640 and trade discount of 20 percent. 2. List price of...
-
Vicente Company made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $800 and trade discount of 20 percent. 2. List price of...
-
Smallville Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $4,500 and trade discounts of...
-
Kim Corporation, a calendar year taxpayer, has manufacturing facilities in States A and B. A summary of Kims property holdings follows. Determine Kims property factors for the two states assuming...
-
Journalize the entries to record the following: a. Check No. 6172 is issued to establish a petty cash fund of $1,000. b. The amount of cash in the petty cash fund is now $239.16. Check No. 6319 is...
-
Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Instructions (a) Prepare a vertical...
-
The Swamee and Jain formula for the friction factor is \[ f=\frac{0.25}{\left[\log \left(\varepsilon / 3.7 D+5.74 / \mathrm{Re}^{0.9} ight) ight]^{2}} \] Compare this equation for \(\varepsilon /...
-
Andrews Company has $80,000 available to pay dividends. It has 2,000 shares of 10%, $100 par, preferred stock and 30,000 shares of $10 par common stock outstanding. The preferred stock is selling for...
-
A thin airfoil is measured to have the following linear Cp distributions on its upper and lower surfaces at some small angle of attack, alpha . Cp _ upper = - 1 * ( 1 - x / c ) , Cp _ lower = 0 . 5 *...
-
Roadrunner Bookstore uses the perpetual inventory system, Roadrunner Bookstore is owned by Tina Smith. The company had the following transactions for the month of April. Apr 1 Apr 2 Apr 3 Apr 5 Apr 7...
-
Record the following transactions of Ann's Fashion Boutique in a general journal: DATE TRANSACTIONS 2013 Feb. 2 Sold merchandise totaling $2,800 to customers using bank credit cards. Record the 3...
-
Norville Distributors, a wholesale firm, made sales using the following list prices and trade discounts. What amount should be recorded for each sale? 1. List price of $3,500 and trade discounts of...
-
Find the determinants where, a d g b e h C f = 7. i
-
select one of the coaching styles and write a business scenario that fits the executive coaching model. 1. Business coaching for senior leaders, 2. Executive Coaching, 3. Leadership Development, 4....
-
Willis Cosmetics produces a variety of cosmetics and hair care products. One popular shampoo is produced at the company's Genoa Street Plant (GSP). The financial staff are in the process of revising...
-
The difference in returns between Treasury bills and the FTSE Bursa Malaysia (FBM) KLCI is 5.50%. The Treasury bill rate is 3% . Krogh Enterprise has a beta of 1.60. What is the required rate of...
-
6. Mrs. Rachel purchased a new car. The value, V, of the car can be modelled by the relation V = 49 100(0.945)", where n is the number of years since the car was purchased. a. What did Mrs. Rachel...
-
Your firm has total debt of $4, 180 and debt equity ratio 0.79. What is the amount of total assets? Round your answer to the nearest number, no percentage sign. Answer
-
A particle of mass 2 kg is attached to one end of a light elastic string of natural length 1.5m and modulus of elasticity 50N. The other end of the string is attached to a fixed ceiling and the...
-
The following exercises are not grouped by type. Solve each equation. x610x -9
-
Kathy Burnett works for Triumph Industries. Her pay rate is $13.44 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week....
-
City Place Movie Theaters has four employees and pays them on an hourly basis. During the week beginning June 24 and ending June 30, 2016, these employees worked the hours shown below. Information...
-
Alexander Wilson operates Metroplex Courier and Delivery Service. He has four employees who are paid on an hourly basis. During the work week beginning December 15 and ending December 21, 2016, his...
-
Who is your favorite designer from the 20th Century (the 1900s)? Give a detailed explanation of why he or she is your favorite and how his/her designs have impacted the fashion industry.
-
Describe what the article was about? What stood out the most in the article? How it relates to the fashion industry? Was the article useful in expanding knowledge as it relate to textile? Website...
-
Explain why special events have arisen in human civilization, why they are so popular, and how they contribute to community development and benefit stakeholders and host communities. Describe the...
Study smarter with the SolutionInn App