Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 20, 2024

Lindell Company made direct material purchases of $51,800 and $63,800 in September and October, respectively. The company pays 60% of its purchases in the month

Lindell Company made direct material purchases of $51,800 and $63,800 in September and October, respectively. The company pays 60% of its purchases in the month of purchase and 40% is paid in the following month. How much cash was paid for purchases in October?

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

Modern Auditing

Authors: Graham Cosserat

1st Edition

0471810584, 9780471810582

More Books

Students also viewed these Accounting questions

Question

★★★★★

Consider the system shown in figure. If the input to the system, x[n], is a 32-point sequence in the interval 0 ? n ? 31, the output y[n] at n = 32 is equal to X(e ?j? ) evaluated at a specific...

Answered: 1 week ago

Question

★★★★★

You are asked to work on a real-time development project for a military application but have no previous experience of projects in that domain. Discuss what you, as a professional software engineer,...

Answered: 1 week ago

Question

★★★★★

On June 24, 2012, Sudweeks Company sold merchandise to Brooke Bowman for $70,000 with terms 2/10, n/30. On June 30, Bowman paid $39,200 on her account and was allowed a discount for the timely...

Answered: 1 week ago

Question

★★★★★

Sale of an Asset Equipment acquired on January 9, 20Y3, at a cost of $543,000, has an estimated useful life of 20 years, an estimated residual value of $54,300, and is depreciated by the...

Answered: 1 week ago

Question

★★★★★

b.Today, ABC mobile, one of the major telecommunication service provider in Hong Kong closed at $50. Assume that the price next year will be $35 if U.S. economy is still in a recession, $55 if the...

Answered: 1 week ago

Question

★★★★★

Pedro buys hamburguers from Ana at 3 dollar per unit and sells them at 9 dollar per unit. Ana produces hamburguers at 0.30 dollar per unit. , Pedro discard all extra hamburguers that was not able to...

Answered: 1 week ago

Question

★★★★★

Lean manufacturing is a very popular approach to inventory management with a lot of examples of both success and failure. In fact the idea and the principles have also been applied beyond...

Answered: 1 week ago

Question

★★★★★

What is cultural tourism and why is it growing?

Answered: 1 week ago

Question

★★★★★

1. (A) Select the country in which you have spent the majority of your time up to now. Is the type of leadership in that country/culture changing? What is the basis/ evidence for your answer? (B)...

Answered: 1 week ago

Question

★★★★★

The growth of the coal mining industry in the US has been on a downward spiral over the last few years. How does this impact the competitive rivalry within the industry?

Answered: 1 week ago

Question

★★★★★

1 D o you think the WorkOut technique could work in isolation, or does it need to be implemented in line with other culture change processes? Give reasons for your answer When Patrick OSullivan...

Answered: 1 week ago

Question

★★★★★

2 What aspects of an organisational culture would be supportive of TQM? Bosch, a supplier of car components and electronic products to many of Europes leading car manufacturers, introduced TQM when...

Answered: 1 week ago

Question

★★★★★

1 What would you see as being the advantages and disadvantages of a very strong culture such as that of Google? Since its founding in 1998, Google has ranked as one of the most innovative companies...

Answered: 1 week ago

Previous Question Next Question