Question: Please answer both questions. I really need it. Thanks a lot! A credit sale of $3,800 is made on April 25, terms 2/10, net/30, on

Please answer both questions. I really need it. Thanks a lot!

A credit sale of $3,800 is made on April 25, terms 2/10, net/30, on which a return of $200 is granted on April 28. What amount will be received as payment in full if collected on May 4 ? $3,528 $3.724 $3,800 $3,600 Question 8 5 pts Alpha First Company just began business and made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $1,456 $1,508 $1,848 $1.824

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Student Name latermediate Accousting Owir Student ID Oer. 2018 Question l: MC Questions (I marks each, total 20 marks) A increases an asset $600, decreases an asset $600 B. increases an asset $600:...

x Your answer is incorrect. Try again. Nash's Trading Post, LLC purchased merchandise inventory with an invoice price of $13000 and credit terms of 2/8, n/30. What is the net cost of the goods if...

Question 3 (2 points) A credit sale of $3,800 is made on April 25, terms 2/10, net/30, on which a return of $200 is granted on April 28. What amount will be received as payment in full if collected...

URGENT Just answers no explanation needed today by 3:10 pm EST Question 1 A credit sale of $4100 is made on April 25, terms 2/10, net/30, on which a return of $200 is granted on April 28. What amount...

1. Gross profit will result if: a. sales are greater than expenses b. sales are greater than cost of goods sold. c. operating expenses exceed gross margin. d. operating expenses exceed cost of goods...

Answer the whole question, please. Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 Purchased $15,100 of...

i neeed all answers 1-In March 30, 2018, Houston Company has sets of $110,000 and Liabilities of $50,000. What are the owner's equity for Houston Company of March 30, 2018? ACLOE. = 110.00...50.000...

Sharpcollectedrentinadvanceof$525,000fromitstenantsduringthecurrentyear.TheadjustedbalanceintheUnearnedRentaccountincreasedfrom$245,000to$378,000duringtheyear.WhatisSharp'srevenuefromrentforthecurrent...

Just confused about the question 1 and question 3. thanks a lot! Unit: ACC101 - Fundamentals of Accounting I Submission Date: 9-Dec-2016 before 5.00 pm Weighting: The assignment is worth 40% of the...

PRACTICE NUMBER 5 I NEED HELP below. Chart of Accounts Current Assets 10000 Cash ma 11000 Accounts Receivable 12000 Inventory-Orange Roller Blades 12100 Inventory - Black Roller Blades 13100 Office...

A convergent-divergent nozzle has a throat diameter of 0.05 m and an exit diameter of 0.1 m. The inlet stagnation state is 500 kPa, 500 K. Find the back pressure that will lead to the maximum...

Sadia has been managing her gym business for a year. On 1 November 2018 she opened a business bank account and paid in 50,000 of her own money. The bank provided her with a 5 year loan of 50,000...

Task 3 ( 3 . 0 marks ) Analysis of business statements and normalization Each manufacturer manufactures many disk - drives, and the manufacturer assigns each disk - drive a serial number. The serial...

Week 5 - International Trade Theory Homework: Read: Chapter 7 Read the section on Chapter 1 2 that deals with Cost Pressures and Pressures for Local Responsiveness and Choosing a Strategy. You need...

Employee counseling and wellness programs of all types are popular in the United States, despite the relative lack of scientific evidence that conclusively supports the efficacy of these programs. If...

Suppose you were asked by your employer to develop a proposal for an employee assistance program (EAP). Which approach would you recommend: an in-house program run by employees of your organization...

Some people believe that wellness programs infringe on an individuals right to choose his or her own lifestyle, maintaining that an individual has the right to smoke cigarettes, eat junk food, and...