P purchases a 50000

Answer: Depreciation = Purchase Price - Salvage Value Useful Life of the Asset = ₹1,00,000 - ₹ 20,000 10 Years = ₹ 8,000 5. Purchase goods for ₹10,000 and receive trade discount at 10% and cash discount of 5%. Purchases account will be debited by: 1 (a) ₹ 10,000 (b) ₹ 1,000 (c) ₹ 9,000 (d) ₹ 8,550 Answer: ₹ 9,000.

Insider Purchases MIMO / Airspan Networks Holdings Inc - Short Term Profit Analysis. ... 50,000 15.0000 50,000 15.0000 750,000 176 18.3000 165,000 22.00 2022-05-23: NCLH: Galbut Russell W: 50,000 15.2500 50,000 15.2500 762,500 Adjusted Price is the split-adjusted price.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. ... P - Purchase: 50,000: 16,675,833: 0.30: 2.4659 ...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

Did you know?

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 ... For example, if you invest all $50,000 in a mutual fund that charges a 1% expense ratio, you'll pay more than $13,000 in fees over the course of 30 years. If you choose a fund that charges 0.25% ...(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.

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 Ps beneficaryFor a limited time, earn 50,000 bonus TrueBlue points on flight + hotel packages to Sandals & Beaches Resorts. ... Plus, earn TrueBlue points on every purchase.Business Accounting Russell Retail Group begins the year with inventory of $55000 and ends the year with inventory of $45,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 Purchase on May 6 Purchase on September 8 Purchase on December 4 $210,000 130,000 160,000 410,000 Required: Calculate ... Perpetual inventory is a method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset ...

•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...CHAPTER 5 Audit of Inventory. Exercises - Analysis of Transactions 1. Moneba Company bought merchandise on January 2, 2006 from Lynn Company costing P15,000; terms, less 20%, 20% down payment, balance 2/10, n/30. Two days after, P2,000 worth of merchandise was returned due to wrong specification. Moneba Company paid the account within the discount ……

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Mr. Pratt, who had once pledged $1 billion. Possible cause: (a) Acquired machinery for ₹2,50,000 paying 20% by cheque and exe...

Prepare Trading and Profit and Loss Account and Balance Sheet from the following balances, relating to the year ended 31st March, 2019 : 1|c| そ 1|c| そ Capital 1,00,000 Wages 50,000 Creditors 12,000 Bank 10,000 Returns 5,000 Repairs 500 Outward Sales 1,64,000 Stock on 1st April, 2018 20,000 Bills Payable 5,000 Rent 4,000 Plant and 40,000 Manufacturing Expenses …Jun 17, 2020 · Merchandise is business goods (inventory or stock). These goods are purchased for resale. Goods purchase for resale is known purchase. It includes all cash and credit purchases. It also includes goods-in-trade or goods-in-transit. It does not include purchase of assets (plant, machinery, furniture, equipment etc). 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 ...

Division P Division Q Variable Cost Rs. 100 per unit Rs. 120 per unit Fixed cost each year Rs. 1,20,000 Rs. 90,000 Head Office management decided that a transfer price should be set that provides a profit of Rs. 30,000 to Division P. What should be the transfer price per unit ? (A) Rs.145 (B) Rs. 125 (C) Rs. 120 (D) Rs. 135Jan 1, 2015 · Any excess of cost over book value was attributed to equipment with a 10-year life. On July 1, 2020, Company P purchased another 10% interest for $160,000. Company S’s equity was $550,000 on January 1, 2020, and it earned $50,000 evenly during 2020. Company P had internally generated net income of $120,000 during 2020. (vi) Goodwill is to be valued at 2 years' purchase of last 3 years profits. Profits being for 2018-19 − ₹ 50,000 (Loss); 2017-18 − ₹ 2,50,000 and 2016-17 − ₹ 2,50,000. (vii) C was to carry out the work for reconstituting the firm at a remuneration (including expenses) of …

gay bars bloomington il What is the annual payment required by the mortgage? If you could get a loan for 25 years but had to pay 9 percent annually, what is the difference in the annual payment? Step-by … dawn mcclureanalisis foda Debit: Van – $50,000.00; Credit: Cash – $50,000.00; But this is not all. Vehicles, such as vans, are assets that will be used to produce money for the business over time. The accounting rules require us to record the cost to purchase the van over its useful life. This matches the cost to purchase the van to the income associated with the ... 2012 chevy malibu steering torque sensor Mrs. S deposited Rs.1,00,000 in a nationalized bank for 3 years. If the rate of interest is 7 % p.a., calculate the interest that banks has to pay to Mrs. S after 3 years if interest is compounded annually. S borrows Rs 5,00,000 to buy a house. If he pays equal installments for 20 years and 10% interest on outstanding balance what will be the ...What is the annual payment required by the mortgage? If you could get a loan for 25 years but had to pay 9 percent annually, what is the difference in the annual payment? Step-by … mission with a visionphysical assets are termed blank______ assets.who plays in big 12 championship game 50,000 minus any outstanding policy loans P died five years after purchasing a life policy. while investigating the claim, the insurer discovered material misrepresentations made … kelly and katie black flats 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”. …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. nj transit 167 bus schedule pdfmemphis men's basketball recordvision mission goals and objectives in strategic management 3. PL Ltd. has three production departments P 1, P 2 and P 3 and two service departments S 1 and S 2. The following data are extracted from the records of the company for the month of October, 2020: (`) Rent and rates 12,50,000 General lighting 1,50,000 Indirect Wages 3,75,000 Power 5,00,000 Depreciation on machinery 10,00,000 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 …