Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 19, 2024

How much is the net purchases? Purchases P120,000 Purchase returns 10,000 Purchase discounts ?,500 Freightin 5,400 Freightout 4,600 Merchandise inventory, beginning 21,500 Merchandise inventory, ending

How much is the net purchases?

Purchases P120,000 Purchase returns 10,000 Purchase discounts ?,500 Freightin 5,400 Freightout 4,600 Merchandise inventory, beginning 21,500 Merchandise inventory, ending 18,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

13th edition

978-1-119-4110, 1119411483, 9781119411017, 978-1119411482

More Books

Students also viewed these Accounting questions

Question

★★★★★

Examine the resources that were critical in getting the company off the ground

Answered: 1 week ago

Question

★★★★★

Suppose you will need $68,000 in 10 years. If your bank compounds interest at an annual rate of 11%, how much will you need to deposit into your account 1 year(s) from now to reach your goal? Enter...

Answered: 1 week ago

Question

★★★★★

A water network has three connections, C1,C2,C3, as shown in Figure 1.18. For each connection, at the places marked 1, 2, 3, some switches have been put and at a particular instant, any switch can be...

Answered: 1 week ago

Question

★★★★★

Cerulean, Inc., Coral, Inc., and Crimson, Inc., form the Three Cs Partnership on January 1 of the current year. Cerulean is a 50% partner, and Crimson and Coral are 25% partners. For reporting...

Answered: 1 week ago

Question

★★★★★

Write a recursive function power ( base , exponent ) that, when invoked, returns For example, power ( 3 , 4 ) = 3 * 3 * 3 * 3 . Assume that exponent is an integer greater than or equal to 0 .

Answered: 1 week ago

Question

★★★★★

You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price $48.78 $66.43 $61.89 $66.49 EPS 2.57 2.63 2.80 2.79 Earnings are expected to grow...

Answered: 1 week ago

Question

★★★★★

PRODUCT Case Study After an incident in an MLB locker room, one player accused a teammate of attacking him and then left the team. The team immediately suspended the accused player. Both players have...

Answered: 1 week ago

Question

★★★★★

Why is it a good idea to follow up your hypothesis test with a measure of effect size?

Answered: 1 week ago

Question

★★★★★

Consider this game - you roll a fair die, and if it falls 1 through 5, you win that many dollars (i.e. the number you rolled), but if it is six, you lose 14 dollars. Would you play the game? More...

Answered: 1 week ago

Question

★★★★★

Martin Ho owns the following farm properties: Land The ACB is $435,000 and the FMV $584,000. Barn The barn has a UCC balance of $140,000, a capital cost of $165,000, and a FMV of $175,000. The...

Answered: 1 week ago

Question

★★★★★

The Johnstown Axle Company is working on creating its Finished Goods Inventory Budget. They anticipate the following: Manufacturing Overhead and Direct Labor are allocated per hour and Direct...

Answered: 1 week ago

Question

★★★★★

One year Roger had the lowest ERA(earned-run average, mean number of runs yielded per nine inningspitched) of any male pitcher at hisschool, with an ERA of 2.91. Also, Betty had the lowest ERA of any...

Answered: 1 week ago

Question

★★★★★

Is it necessary to change something in your everyday life in order for you to achieve the goal?

Answered: 1 week ago

Question

★★★★★

What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

Answered: 1 week ago

Question

★★★★★

14. Think of a positive experience in your life, once you experienced that you had great creativity, great insight or a very strong concentration around some-thing you focused strongly on achieving....

Answered: 1 week ago

Previous Question Next Question