P purchases a 50000. ...

P50,000 Purchases P90,000 Purchases Discount P5,000 Collec

Opening Stock - `50,000; Closing Stock - `80,000; Material Consumed - `3,90,000 Answer: (i) Inventory turnover ratio (Refer to working note) = Average stock of raw material Cost of stock of raw material consumed = ` 65000 ` 360000,, , = 5.54 times (ii) Average number of days for which the average inventory is held = 5 54 365 365. daysCayden 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 ... (a) Working hours of production departments are P-6226 hours, Q-4028 hours and R-4066 hours. (b) Services rendered by service departments are as under: P Q R X Y Department X 20% 30% 40% — 10% Department Y 40% 20% 30% 10% — Required: (i) Calculate the total overhead of production departments distributing the costSumit started business with Rs.50000 2. Purchased furnished for cash Rs. 6000 3. Bought goods from Ram on credit Rs. 15000 4. Withdrew cash Rs 4000 and goods for Rs. 5000 for personal use. 5. Sold goods costing Rs. 8000 at a profit of 25% 6. Paid to creditors Rs. 10000 7.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 ... 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.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: 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?Answer to Solved Suppose Stanley's Office Supply purchases 50,000Calculate 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.If you’re looking for a p-card for your small business, we’ve selected the best p-cards to streamline your everyday purchasing process. Credit Cards | Buyer's Guide Updated March 29, 2023 REVIEWED BY: Tricia Tetreault Tricia has nearly two ...U.P. Sugar Works Ltd. was registered on 1st January, 2019 with an authorised capital of ₹ 15,00,000 divided into 15,000 shares of ₹ 100 each. ... Amrit Ltd. issued 50,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 3 on application, ₹ 4 on allotment (including premium) , ₹ 2 on first call and the remaining on ...The investment is said to bring an inflow of Rs. 1,00,000 in first year, 2,50,000 in the second year, 3,50,000 in third year, 2,65,000 in fourth year and 4,15,000 in fifth year. Assuming the discount rate to be 9%. Let us calculate …(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.The cash and bank balance on 1st October is expected to be $1,500. Other information is given as follows: Plant and machinery are to be installed in August at a cost of $24,000. This sum will be paid in monthly installments of $500 each from 1st October. Preference share dividends @ 5% on $50,000 are to be paid on 1st December.Study with Quizlet and memorize flashcards containing terms like If X wants to buy $50,000 worth of permanent protection on his/her spouse and $25,000 worth of 10-year Term coverage on X under the same policy, the applicant should purchase, P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of ...Apply for the Blue Business Plus Card from American Express and earn 2x Membership Rewards® points on business purchases up to $50K with no category restrictions. A.On January 1, 2016, Company P purchases 100% of Company S voting stock for $800,000 cash, and Company P maintains Company S as a subsidiary. At the date of purchase, Company S reavealed the following: assets $900,000, liabilities $100,000, common stock, $300,000, and retained earnings $500,000. Required: A.Credit Purchases during the year amounted Rs. 2,30,000. Provide a provision for Doubtful Debts to the extent of 10% on Debtors. 8 Answer: 2(a) (i) (I) Stock on 31st march, 2018, will not appear in the Trial balance because it represents a part of the goods purchased but not yet sold. As the total purchases have beenP 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 …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.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.Cost Per Mile. 2,000 - 150,000 Miles. 3.7625 Cents. In terms of limits, you can purchase as little as 2,000 AAdvantage Miles and as many as 150,000 AAdvantage Miles in a single transaction. Buying the minimum of 2,000 AAdvantage Miles will cost you $64.50 and buying the maximium of 150,000 AAdvantage Miles will cost you $4,837.50.To, Purchases A/c 50,000 To, Wages A/c 5,000 To, Returns inward A/c 8,000 (Transfer to balances for closing the latter accounts) Sales A/c Dr 1,00,000 Returns outward A/c Dr. 5,000 Closing Stock A/c Dr. 15,000 To, Trading A/c 1,20,000 (Transfer of balances for …16 Cash purchases ₹ 50,000 amount paid by cheque. 20 Invoiced goods to Satish ₹ 80,000 at 12% GST and the amount received by cheque. 25 Paid for Telephone charges ₹ 90,000. 27 Mrs. Varsha bought goods from us ₹ 90,000 at a 12% Trade Discount. 28 Purchased goods from Abhijeet & Sons ₹ 1,50,000 at 18% GST.p = ₹ 50,000 In compound interest, interest is calculated annually. Amount after 1 s t year is A 1 = 50 , 000 × 10 100 = ₹ (5,000 + 50,000) = ₹ 55,0001. 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: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% ...Additional Information needed for Preparation of the Statement of Cash Flows Balances at 1/1/18: Cash $389,000 Dividends Payable $80,000 A/R 50,000 A/P 60,000 AFDA (10,000) Salaries Payable-0- Inventory 300,000 Utilities Payable 7,000 Prepaid Rent-0- Interest Payable 25,000 Prepaid Insurance-0- Unearned Rent-0- Interest Receivable-0- Income Taxes Payable 40,000 Supplies 10,000 The only change ...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.The investment is said to bring an inflow of Rs. 1,00,000 in first year, 2,50,000 in the second year, 3,50,000 in third year, 2,65,000 in fourth year and 4,15,000 in fifth year. Assuming the discount rate to be 9%. Let us calculate …Purchases 410, Month end additional data Ending inventory of Branch 1,460, From Home Office at Billed Price P1,170, ... P26,000 (P1,000) b. P25,000 (P4,000) c. P26,000 P1, d. P20,000 P 800c 18 balances before adjustments for the home office and the branch of the King Company show the following items on December 31. The home office bills the ...Audit of Inventory Problems with Solutions. 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. Sumit started business with Rs.50000 2. Purchased furnished for cash Rs. 6000 3. Bought goods from Ram on credit Rs. 15000 4. Withdrew cash Rs 4000 and goods for Rs. 5000 for personal use. 5. Sold goods costing Rs. 8000 at a profit of 25% 6. Paid to creditors Rs. 10000 7.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:Jan. 8 Cash purchases 8,000 Jan. 10 Sold goods to Ahmed & Co., Lucknow 10,000 Jan. 11 Deposited cash in bank 50,000 Jan. 13 Purchased a computer for office 20,000 Jan. 15 Took a loan from Mehboob 70,000 Jan. 16 Goods returned by Ahmed & Co. 2,000 Jan. 17 Purchased furniture from Mehfil Mart, Kolkata 10,0002017. Jan. 2: Purchased Typewriter for ₹ 7,500. 4: Sold goods for Cash of the list price of ₹ 25,000 at 20% trade discount and 5% Cash discount. 6P 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. 50,000 (ii) Bought furniture for: 500 (iii) Purchased goods on credit: 4,000 (iv) Sold goods on cash (cost ₹ 500) for: 700 (v) Received rent: 200 (vi) Purchased goods for cash: 1,000 (vii) Withdrew for personal use: 700 (viii) Paid to creditors: 400 ... 1,50,000 = + 1,50,000 (ii) Purchase goods for cash and on credit –80,000 +1,20,000 +40,000 : 70,000 + 1,20,000 …2. Suppose an entity purchases P50,000 goods on credit. The journal entry should be a) DR Purchases CR Cash b) DR Accounts payable CR Purchases c) DR Purchases CR Accounts payable d) DR Accounts receivable CR Accounts payable 3. Which of the following cases show (s) the situation (s) that the list price is higher than the net price after a ...Non-manufacturing entities or the trading entities are involved in the purchase and sale of goods at a profit. Usually, ... 1,50,000: Direct wages- @₹0.70 per unit manufactured and @₹0.30 per unit of closing W.I.P: Repairs and maintenance: 100,000: units produced-2,60,000: Prepare a manufacturing Account of Mr. Prasad for the year ended …Term rider. P purchases a $50,000 term life insurance policy in 2005. One of the questions on the application ask 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.RE7-6 Stevens Company uses a perpetual inventory system. On July 10, Stevens purchases 50,000 of inventory on credit with payment terms of 2/10, net 30. Using the gross price method, prepare journal entries to record Stevenss purchases on July 10 and the subsequent payment on July 18.To, Purchases A/c 50,000 To, Wages A/c 5,000 To, Returns inward A/c 8,000 (Transfer to balances for closing the latter accounts) Sales A/c Dr 1,00,000 Returns outward A/c Dr. 5,000 Closing Stock A/c Dr. 15,000 To, Trading A/c 1,20,000 (Transfer of balances for …Dr. Financial Trading and P & L Account Cr. Particulars Amount (`) Particulars Amount(`) To Materials A/c 50,00,000 By Dividend A/c 1,00,000 To Wages A/c 30,00,000 By Interest on deposit 20,000 To Factory OH A/c 16,00,000 By Sales A/c 1,20,00,000 To Admin. OH A/c 7,00,000 By Closing stock A/c ...Gross Profit = 30% on Cost Let the Cost of Goods sold be ' x ' Gross Profit = 30 100 x Cost of Good Sold = Sales − Gross Profit x = 19,50,000 − 30 100 x x + 30 100 x = 19,50,000 100 x + 30 x 100 = 19, 50, 000 x = 19, 50, 000 × 100 130 = Rs 15, 00, 000 Cost of Good Sold = Opening Stock + Net Purchases + Direct Expenses − Closing Stock 15 ...Study with Quizlet and memorize flashcards containing terms like If X wants to buy $50,000 worth of permanent protection on his/her spouse and $25,000 worth of 10-year Term coverage on X under the same policy, the applicant should purchase, P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of ...Intermediate Accounting Inventories - Please show the complete solution on items 8, 9, 10. Image transcription text. Pugo uses the retail inventory method. The following information is available for. the current year: Cost Retail Beginning inventory P 1,300,000 P 2,600,000. Purchases 18,000,000 29,200,000 Freight in 400,000 Purchase r... 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 …Bank Overdraft 8,000 Land & Buildings 50,000 Opening Stock 20,000 Debtors 18,400 Purchases 80,000 Creditors 8,500 Purchases Returns 2,000 Bills Receivable 2,850 Sales 1,30,000 Bills Payable 1,650 Sales Returns 5,000 Capital 60,000 Travelling Expenses 1,800 Drawings 6,000 Discount Allowed 600 Rent 3,700 There is no set rule for how long you have to cancel a new car purchase, if you can at all. However, it's best to try do it the same or next day. According to the Federal Trade Commission, there is no "cooling off" period for new or used ca...From the following balances, prepare Trading and Profit and Loss Account and the Balance Sheet:Debit Balances: 1|c| チ Debit Balances Contd.: 1|c| र Machinery 2,00 ... Earn 50,000 Elite miles during this time and you'll have Elite Gold for ... R, L, P, 125% 100%. Economy, Y, B, E M, H, W Q, N, V, K, G, 100% 75% 50%. Or even ...4th Class 400,000 300,000 50,000 5th Class 300,000 200,000 50,000 6th Class 200,000 100,000 50,000 In the case of barangays, Fifty Thousand Pesos (P50,000). 3. For Foreign-funded Procurement, the thresholds shall be determined in each case, taking into account the nature of the goods, works, or assignment, by agreement between the GOP and theThese 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.Solution for owing A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a.…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 ... 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 …The new accounting equation would be: Assets $30,200 (Cash $13,900 + Supplies $500 + Prepaid Rent $1,800 + Equipment $5,500 + Truck $8,500) = Liabilities $200 + Equity $30,000. 7. Selling services for cash. During the month of February, Metro Corporation earned a total of $50,000 in revenue from clients who paid cash.(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.From the following balances extracted from the Ledger of Sri Narugopal, prepare Trial Balance as on 31 st March, 2019: F ई Capital 75,00,000 Building 7,50,000 Plant 15,00,000 Stock on 1st April, 2018 12,50,000 Cash in Hand 2,500 Cash at Bank 5,75,000 Commission Received 1,75,000 Rates, Taxes and Insurance 30,000 Discount Dr. 55,000 Discount Cr. 45,000 Purchases …U.P. Sugar Works Ltd. was registered on 1st January, 2019 with an authorised capital of ₹ 15,00,000 divided into 15,000 shares of ₹ 100 each. ... Amrit Ltd. issued 50,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 3 on application, ₹ 4 on allotment (including premium) , ₹ 2 on first call and the remaining on ...Opening Inventory of Materials ₹3,50,000; Finished Goods ₹75,000; Stock-in-Trade ₹2,00,000; Closing Inventory of: Materials ₹3,25,000; Finished Goods ₹85,000; Stock-in-Trade ₹1,50,000; Purchases during the year: Raw Material ₹17,50,000; Stock-in-Trade ₹9,00,000. ... Opening, Closing and Purchases of Stock-in-Trade are not ...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?•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...Balanee. | 25,000 2,500 20,000 50,000 15,000 24,000 2,500 3,500 [2.83.50 [203500 Tnput GST on Purchases ~ Dr. Bai (Input - CCST j) Input - SGST 1 Balance as it represents goods purchased but ady included in Tal Balance so there is_| i) Input - 1GST We will put the Input GST on Dr. s Balance. ... Side: B/R, Discount Allowed, Bank Overdraft ao” …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.inventory of Z5 by 50,000 kilos and increase the finished goods inventory of A1 by 6, units. There is no work-in-process inventory. How many kilos of Z5 is New Jersey budgeting to purchase in 2010? a. 138,000 c. 186, b. 162,000 d. 238, ... April purchases are projected to be P 80,000; May purchases will be P 120,000. Cash payments on account for May will …Merchandise Inventory Beginning balance 400,000 210,000 Ending balance Net purchases 860,000 1,050,000 Cost of sales Total 1,260,000 1,260,000 Computation of the net purchases: Gross purchases on account 859,000 Add cash purchases 10,000 Total 869,000 Less: Purchase returns and allowances 6,000 Purchase discount 3,000 Net purchases 860,000 E ...From the following balances, prepare Trading and Profit and Loss Account and the Balance Sheet:Debit Balances: 1|c| チ Debit Balances Contd.: 1|c| र Machinery 2,00 ... 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 …4.Feb 20 – Purchased merchandise worth P50, 000. Gave a down payment of P15, 000, issued P20, 000 promissory note and promised to pay the balance within 5 days. DATE Particulars REF DEBIT CREDIT 20-Feb Purchases 50,000 Cash 15,000 Notes payable 20,000 Accounts payable 15,000 purchased merchandise with DP and PN for the balance Feb 21 – Paid delivery fee of the purchased merchandise, P200.(A) Sales return treated as purchase. (B) Purchase return treated as sales. (C) Ram a/c wrongly credited instead of Sham a/c (D) Under casting cash book by 1,100 7. In a joint venture X and Y sharing profit and loss equally, X purchased goods costing of 40,000 and Y sold the goods for 50,000. X is entitled to get 1% commission on purchaseP 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?Audit of Inventory Problems with Solutions. 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. Purchase = 50,000 boxes. Ordering Cost = 0.40 USD per box. Economic Order Quantity: 5000 boxes. Our EOQ is 5000: Find the costs related to the offer without it first, then. Ordering Cost is equal to (50000/5000) x 100, or USD $1000. Carrying Cost is equal to (5000/2) x 0.4, or USD $1000. Before accepting the offer, the total cost was 1000 ...S&P 500 Periodic Reinvestment Calculator (With Dividends) Investing. Written by: PK. Below is a S&P 500 Periodic Reinvestment Calculator. It allows you to run through investment scenarios as if you had been invested in the past. It includes estimates for dividends paid, dividend taxes, capital gains taxes, management fees, and inflation. Administrative expenses: Freight in 500,000. Officers’ salaries P 500,000 Income tax 250,000. Depreciation-office equipment 300,000 Loss on sale of equipment 50,000. f Purchase discounts P 100,000 Dividend revenue P 150,000. Loss on sale of investment 50,000. Required: prepare an income statement for the year using the (1) functional and (2 ...Answer: P 425, 2. Pink Company incurred the following costs during the month; direct labor, P120,000; factory overhead, P108 000; and direct materials purchases, P160,000. Inventories show the following cost: Beginning Ending. Finished goods.....The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Invus Public Equities, L.P.. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was ...p = ₹ 50,000 In compound interest, interest is calculated annually. Amount after 1 s t year is A 1 = 50 , 000 × 10 100 = ₹ (5,000 + 50,000) = ₹ 55,000[50,000+(45K/1)] 87, Add: Purchases 500, Cost of Goods Available for Sale 587, Less: MI, end [70K+(60K/1] (120,000) 467, Gross Profit 370, Less: Expense(120K+50K) (170,000) Net Income P 200, Charito Corporation retails merchandise through its home office store and through a branch store in a distant city. Separate ledgers are maintained by the home …Opening Stock - `50,000; Closing Stock - `80,000; Material Consumed - `3,90,000 Answer: (i) Inventory turnover ratio (Refer to working note) = Average stock of raw material Cost of stock of raw material consumed = ` 65000 ` 360000,, , = 5.54 times (ii) Average number of days for which the average inventory is held = 5 54 365 365. daysStudy with Quizlet and memorize flashcards containing terms like If X wants to buy $50,000 worth of permanent protection on his/her spouse and $25,000 worth of 10-year Term coverage on X under the same policy, the applicant should purchase, P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of ... (viii) The sales and profit of a firm for the year 2016 are Rs.1,50,000 and Rs.20,000 and for the year 2017 are Rs.1,70,000 and Rs.25,000 respectively. The P/V Ratio of the firm is (a) 15% (b) 20% (c) 25% (d) 30% (ix) Standard quantity of material for one unit output is 10 kg @ Rs.8 per kg. Actual output during a given period is 600 units. The standard quantity of …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 beneficary(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.Enter the email address you signed up with and we'll email you a reset link.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?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 ...Study with Quizlet and memorize flashcards containing terms like If X wants to buy $50,000 worth of permanent protection on his/her spouse and $25,000 worth of 10-year Term coverage on X under the same policy, the applicant should purchase, P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a …An example of a business purchasing procedure is one that starts with identification of a needed product and ends with the execution of a purchase order.Goodwill for this purpose shall be calculated at two years' purchase of the weighted average normal profit of past three years. Weights being assigned to each year 2017−1; 2018−2 and 2019−3. Profits of the last three years were: 2017 − Profit ₹ 50,000 (including profits on sale of assets ₹ 5,000).. Use the following information for the next two ( answered. P purchases a $50,000 whole life in Purchased Goods on Credit. In simple terms, when an organization (or) customer purchases the goods from the seller (or) supplier and agrees to pay the consideration (value or price) of the goods on some future date then it is called credit purchases. Whenever credit purchase takes place accounts payable account/sundry creditor is created. Mr. Pratt, who had once pledged $1 billion to f 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 ...Purchases 410, Month end additional data Ending inventory of Branch 1,460, From Home Office at Billed Price P1,170, ... P26,000 (P1,000) b. P25,000 (P4,000) c. P26,000 P1, d. P20,000 P 800c 18 balances before adjustments for the home office and the branch of the King Company show the following items on December 31. The home office bills the ... Why You Need 50k of Life Insurance Single People - A $50,000 in...

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