Homework

Homework Questions? Ask a Tutor for Answers ASAP

Ask an Expert,
Get an Answer ASAP!

flynn Company purchased merchandise inventory with an invoice…

Customer Question
flynn Company purchased merchandise inventory...
flynn Company purchased merchandise inventory with an invoice price of $5,000 and credit terms of 2/10, n/30. What is the net cost of the goods if flynn company pays within the discount period?
Submitted: 8 years ago.Category: Homework
Show More
Show Less
Ask Your Own Homework Question
Answered in 3 minutes by:
6/9/2010
Tutor: Manal Elkhoshkhany, Tutor replied 8 years ago
Manal Elkhoshkhany
Category: Homework
Satisfied Customers: 9,999
Experience: More than 5000 online tutoring sessions.
Verified
This answer is protected
Would you like to ask this question?
If you've already paid for this answer, simply Login.
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tutorLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Manal Elkhoshkhany Your Own Question
Manal Elkhoshkhany
Manal Elkhoshkhany
Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9,999
9,999 Satisfied Customers
Experience: More than 5000 online tutoring sessions.

Manal Elkhoshkhany is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

LogicPro

LogicPro

Engineer

5,894 satisfied customers

Expert in Java C++ C C# VB Javascript Design SQL HTML

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

9,999 satisfied customers

More than 5000 online tutoring sessions.

Linda_us

Linda_us

Finance, Accounts & Homework Tutor

3,138 satisfied customers

Post Graduate Diploma in Management (MBA)

Chris M.

Chris M.

M.S.W. Social Work

2,699 satisfied customers

Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

F. Naz

F. Naz

Chartered Accountant

2,194 satisfied customers

Experience with chartered accountancy

Bizhelp

Bizhelp

CPA

1,887 satisfied customers

Bachelors Degree and CPA with Accounting work experience

Seanna

Seanna

Tutor

1,781 satisfied customers

3,000+ satisfied customers, all topics, A+ work

< Previous | Next >

Related Homework Questions
Bluma Co. uses a perpetual inventory system and both an accounts
Bluma Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledger for Bluma a… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
Do you help with accounting quizes for Financial Accounting
Do you help with accounting quizes for Financial Accounting ACG 2021? The quiz is timed (40 mins). About 25 multiple choice questions.… read more
Linda_us
Linda_us
Finance, Accounts & Homework Tutor
Master's Degree
3,138 satisfied customers
1) Company uses a perpetual inventory system. It entered
1) Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Begin… read more
F. Naz
F. Naz
Chartered Accountant
CA Finalist & Completed B.com
2,194 satisfied customers
Hunter Company purchased merchandise inventory with an invoice
Hunter Company purchased merchandise inventory with an invoice price of $12,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Hunter Company pays within the discount period? $11… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
Zachs Market recorded the following events involving a recent
Zach's Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on t… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
Generally, the revenue account for a merchandising business
Generally, the revenue account for a merchandising business is entitled Sales Net Sales Gross Sales Gross Profit # XXXXX (2 pts.) Expenses that are incurred directly or entirely in connection with the… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
9,999 satisfied customers
Due Friday Financial Accounting Larson, K. D., Wild, J.
Due Friday Financial Accounting Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.) ACC 225 Solution Comprehensive Problem-Perpetual: Colo Company Assume i… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
NEOMultiple Choice, Question 51 Cost of goods sold is determined
NEOMultiple Choice, Question 51 Cost of goods sold is determined only at the end of the accounting period in both a perpetual and a periodic inventory system. neither a perpetual nor a periodic invent… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
Case study 1 A-1 Networking Systems 50 marks A-1 Networking
Case study 1: A-1 Networking Systems 50 marks A-1 Networking Systems closes its books and prepares financial statements monthly. A-1 uses the perpetual inventory system. The company completed the foll… read more
F. Naz
F. Naz
Chartered Accountant
CA Finalist & Completed B.com
2,194 satisfied customers
1 Hans Albert Enterprises purchased computer equipment on May
1 Hans Albert Enterprises purchased computer equipment on May 1, 2006 for $5,000. The company expects to use the equipment for 3 years, using straight line. It has no salvage value. 1) What adjusting … read more
F. Naz
F. Naz
Chartered Accountant
CA Finalist & Completed B.com
2,194 satisfied customers
Journalize the following merchandising transactions for CSI
Journalize the following merchandising transactions for CSI Systems assuming it uses (a) a periodic inventory system and (b) a perpetual inventory system. 1. On November 1, CSI Systems purchases merch… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
Assume it is Monday, May 1, the first business day of the month,
Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the company's a… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
7-1 Hutton Company uses a sales journal, a purchases journal,
7-1 Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursement journal, and a general journal. The following transactions occur in the month of March: Mar. … read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
Bishop Company completes these transactions and events during
Bishop Company completes these transactions and events during March of the current year (terms forall its credit sales are 2/10, n/30): Mar. 1 Purchased $42,600 of merchandise from Soy Industries, inv… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
This question is for Neo- I would like to email you a template
This question is for Neo- I would like to email you 2 templates and 2 sets ofinstructions for an accounting problems. I also need assistance with 20 questions. We can discuss a fair bonus after you re… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
For Neo-Journalize the following merchandising transactions
For Neo-Journalize the following merchandising transactions for CSI Systems assuming it uses (a) a periodic inventory system and (b) a perpetual inventory system. 1. On November 1, CSI Systems purchas… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
Exercise 7-1 Sales journal perpetual P1 Hutton Company ...
Exercise 7-1 Sales journal—perpetual P1 Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursement journal, and a general journal. The following transaction… read more
Neo
Neo
Bachelor\u0027s Degree
1,144 satisfied customers
The following was selected from among the transactions ...
The following was selected from among the transactions completed by Ingress Company during January of the current year: Jan.3. Purchased merchandise on account from Pynn Co.,list price $16,000,trade d… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x