P purchases a 50000.

Answer: Solution: Sales 360,000 Cost of Goods Sold Cost of goods manufactured 120,000 Add: Finished goods, beg. 50,000 (SQUEEZE) Goods available for sale 170,00 Less: Finished goods, end. 30,000 140,000 Gross Margin 220,000 The gross margin for Cruise Company for 2011 was P 325,000 when sales were P 700,000.(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 25/100Beginning 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: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: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...

These goods were sold on FOB destination terms and were in transit on December 31, 2010. The. goods were included in the physical count. 338. fThe inventory on December 31, 2010 determined by physical count had a cost of P2,000,000 and. a net realizable value of P1,700,000. Any inventory writedown is not yet recorded.These goods were sold on FOB destination terms and were in transit on December 31, 2010. The. goods were included in the physical count. 338. fThe inventory on December 31, 2010 determined by physical count had a cost of P2,000,000 and. a net realizable value of P1,700,000. Any inventory writedown is not yet recorded.

(50,000). Administrative expenses (36,000 + (25,000 x 6/12) + (5,000/5 years ... Intra-group purchases. (20,000). Additional depreciation of plant (6,000/2 ...education, and non -profit organizations to self-certify a micro-purchase threshold up to $50,000 on an annual basis or request a micro-purchase threshold higher than $5 0,000 consistent with the requirements at 2 C.F.R. 200.320(a)(1)(ii)-(v). However, non-state entitie s must still ensure they follow any applicable state/tribal/local

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 50,000 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?Particulars. Note No. 31st March, 2019 (₹) 31st March, 2018 (₹) I. Income. Revenue from Operations (Net Sales) 3,00,000. 2,50,000. II. Expenses. Cost of Materials ...17 Haz 2021 ... Any purchase of real or personal property with SLFRF funds must be consistent with the Uniform Guidance at 2 CFR Part 200, Subpart D, unless ...

To view recent purchases on Amazon, log into your account, and access the Your Account page. On the Your Account page, click on the yellow Your Orders button to access your order history.

A 50.000 Mark German banknote issued in 1922 is not particularly valuable as a collectible, and it has no face value as an obsolete form of currency. The period in 1922 saw the rise of inflation and hyperinflation in Germany as it struggled...

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 4.7341 50,000 4.7341 236,705 2023-03-16 ...(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 25/100May 23, 2023 · Debit (P) Credit (P) May 3: Cash 500,000 Capital 500,000 (to record investment made) May 5: Purchase 50,000 Account payable 50,000 (to record purchase made on account) May 6: Account receivable 32,000 Sales revenue 32,000 (to record sales revenue) May 9: Office supplies: 3,000 Cash 3,000 (to record the purchase of office supplies) 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?Study with Quizlet and memorize flashcards containing terms like An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called, How does an indexed annuity differ from a fixed annuity?, T, age 70, withdraws cash from a ... 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 ...

Jun 20, 2023 · Therefore, the amount of its inventory purchases during the period is calculated as: ($350,000 Ending inventory - $500,000 Beginning inventory) + $600,000 Cost of goods sold = $450,000 Inventory purchases. The amount of purchases is less than the cost of goods sold, since there was a net drawdown in inventory levels during the period. Related ... 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 ... 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 10.3455 50,000 10.3455 517,275 2022-04-07 ...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 …answered. 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.

Non-state entities are allowed to self-certify in order to use micro-purchase procedures up to $50,000 on an annual basis, provided that certain conditions at 2 C.F.R. § 200.320(a)(1)(iv) are met and the non-state entity must maintain documentation available to FEMA and auditors. The self-certification must include a justification, clear ...

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: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 ... (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.(i) D. Mahapatra commenced business with cash ₹ 50,000 and ₹ 1,00,000 by cheque; goods ₹ 60,000; machinery ₹ 1,00,000 and furniture ₹ 50,000. (ii) 1/3rd 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 ...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 ...Astin records purchases gross. Oct 1 Issued a $50,000, 12-month, 8% note to Encino in payment of account. 1. 2. amounts paid in excess of $118,500 to certain employees. The amount paid to employees in excess of. $7,000 was $400,000. Income taxes in the amount of $80,000 were withheld, as was $9,000 in union dues.$50,000 for most actively managed funds. $100,000 for certain sector ... When buying or selling an ETF, you'll pay or receive the current market price, which ...For a limited time, earn 50,000 bonus TrueBlue points on flight + hotel packages to Sandals & Beaches Resorts. ... Plus, earn TrueBlue points on every purchase.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 ...1. 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:

•Recorded at cost •Includes all costs necessary to make the intangible asset ready for its intended use •Typical costs include:-Purchase price-Legal fees-Other incidental expenses If a company acquires intangibles in exchange for stock or other assets, the cost of the intangible is...

After a foreclosure, a home is often put up for a public auction, also known as a sheriff's sale. Homes can sometimes be purchased for much less than their value during these sales. Many times, the houses have major problems that make them ...

Study with Quizlet and memorize flashcards containing terms like An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called, How does an indexed annuity differ from a fixed annuity?, T, age 70, withdraws cash from a ...Everyone has some way of keeping up with their purchases. If it's not an old-fashioned checkbook, then your bank's software or a service like Mint can track your expenditures. When logging your expenditures, try adding a section with how ha...Purchases ₹1,70,000 Creditors ₹50,000 Debtors ₹1,00,000 Building ₹2,50,000 Opening Stock ₹50,000 Cash at Bank ₹50,000 Commission Paid ₹11,000 Rent received ₹15,000 Drawings ₹4,000 Answer: Total of Trial Balance₹6,35,000. Question 7. From the following balances extracted from the books of Mr. K.K, prepare Trial Balance as on ...Purchase price = 50000 – 15% of 50000 = 50000 - 7500 = 42500 Sales Price = 42500 + 25% of 42500 = 42500 + 10625 = 53125 Final Sale Price = 53125 – 10% of 53125 = 53125 – 5312.5 = 47812.5 . TS Grewal Solutions for Class 11 Accountancy Chapter 5 - Journal Q.4 Journalise the following transactions in the books of Bhushan Agencies: (i) Received …(iv) Bank term loan interest actually paid up to 31.03 was Rs. 20,000 and the balance was paid in November 2021. (v) Housing loan principal repaid during the year was Rs. 50,000 and it relates to residential property acquired by him in P. 2019-20 for self-occupation. Interest on housing loan was Rs. 23,000.COGM = 10,000 + 100,000 + 50,000 + 60,000 – 30,000 = $190,000* To learn more, launch our free accounting courses! ... Purchases of Raw Materials b. d Raw materials used in production: Ending Balance c: The raw materials used in production (d) is then transferred to the WIP Inventory account to calculate COGM. ...Entire Contract Provision. Study with Quizlet and memorize flashcards containing terms like The accidental death and dismemberment provision in a life insurance policy would pay additional benefits if the insured, P purchases a $50,000 whole life insurance policy in 2005.Non-standard Purchase Order process · Payment transaction types and process · Set up PTAE codes · Invoice exception process · Procedures for POs over £50,000 ...May 23, 2023 · Debit (P) Credit (P) May 3: Cash 500,000 Capital 500,000 (to record investment made) May 5: Purchase 50,000 Account payable 50,000 (to record purchase made on account) May 6: Account receivable 32,000 Sales revenue 32,000 (to record sales revenue) May 9: Office supplies: 3,000 Cash 3,000 (to record the purchase of office supplies)

2. A company purchased assets of the value of Rs.1,90,000 from another company and agreed to make the payment of purchase consideration by issuing 2,000,10% debentures of Rs.100 each at a discount of 5%. Record necessary journal entries. 3. Rose Bond Limited purchased a business for Rs. 22,00,000.Allowance for doubtful accounts (40,000) (50,000) Net accounts receivable 1,110, 1,400, Inventory 300,000 450, Accounts receivable 800,000 750, All purchases of inventory were on account. The entity provided the following income statement information for the current year: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.Instagram:https://instagram. assault battles swgohuki violeta twitterlocker room basketballcooper mcmurray baseball Mr X purchased goods Rs.1,50,000 from outside the State on 1st May 2021; He sold Rs.1,50,000 locally on 4th May 2021; He sold Rs.1,00,000 outside the state on 12th May 2021; He paid telephone bill of April 2021 amounting to Rs.5,000 on 14th May 2021; He purchased an air cooler for his office for Rs.12,000 (locally) on 25th May 2021 la vergne police memeccj volleyball Purchase price = 50000 – 15% of 50000 = 50000 - 7500 = 42500 Sales Price = 42500 + 25% of 42500 = 42500 + 10625 = 53125 Final Sale Price = 53125 – 10% of 53125 = 53125 – 5312.5 = 47812.5 . TS Grewal Solutions for Class 11 Accountancy Chapter 5 - Journal Q.4 Journalise the following transactions in the books of Bhushan Agencies: (i) Received …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 career preparation courses Bought goods from Amit for ₹ 2,00,000 at terms 5% cash discount and 20% trade discount. Paid 3/4th of the amount in cash at the time of purchase. Jan. 18 : Sold goods to Sherpa at the list price of ₹ 50,000 less 20% trade discount and 4% cash discount if the payment is made within 7 days. 75% payment is received by cheque on Jan. 23rd.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 ... Calculate Return on Investment (ROI) from the following details. Net Profit after Tax ₹6,50,000. Rate of Income Tax 50%, 10% Debentures of ₹100 each ₹10,00,000; Fixed Assets at Cost ₹22,50,000, Accumulated Depreciation on Fixed Assets up to date ₹2,50,000. Current Assets ₹12,00,000, Current Liabilities ₹4,00,000.