P purchases a 50000

(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.

VIETNAMNET. Despite he pandemic impacting Vietnam’s resort, hotel and rental market, the housing and apartment segment still has projects for sale at record …Purchases 62,000 3,05,000 3,05,000 (ii) Trial Balance as at March 31, 2014 (Using Balances Method) Account Title L.F. Debit Credit Balance Balance Rawat’s Capital 60,000 Rohan’s Capital 20,000 Machinery 17,000 Rahul 20,000 Sales 70,000 Cash 43,000 Wages 5,000 Depreciation 3,000 Purchases 62,000 Total 1,50,000 1,50,000Study with Quizlet and memorize flashcards containing terms like 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.In other words, the purchase price of a house should equal the total amount of the mortgage loan and the down payment. Often, a down payment for a home is expressed as a percentage of the purchase price. As an example, for a $250,000 home, a down payment of 3.5% is $8,750, while 20% is $50,000.Purchases 62,000 3,05,000 3,05,000 (ii) Trial Balance as at March 31, 2014 (Using Balances Method) Account Title L.F. Debit Credit Balance Balance Rawat’s Capital 60,000 Rohan’s Capital 20,000 Machinery 17,000 Rahul 20,000 Sales 70,000 Cash 43,000 Wages 5,000 Depreciation 3,000 Purchases 62,000 Total 1,50,000 1,50,000Purchase 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 …

(iii) An advance of ₹ 10,000 given alongwith purchase order was wrongly recorded in purchases. (iv) General expenses include ₹ 20,000 paid for Wages. (v) Wages include a sum of ₹ 50,000 spent on the erection of a Scooter Stand for employees. (vi) Advance for Furniture is for furniture at proprietor's residence. 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.Use the following information for the next two ( 2 ) questions: Napier Company provided the following information on selected transactions during 2020: Purchase of land by issuing bonds 250, Proceeds from issuing bonds 500, Purchases of inventory 950, Purchases of treasury shares 150, Loans made to affiliated corporations 350, Dividends paid to ... AC-PLS-P-25K-S. Secure Client Advantage – Perpetual License/25,000 Unique Users. CON-ECMU-ACPL25K. L-AC-PLS-P-G. AC-PLS-P-50K-S ... purchase. The license ...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 payment of cash dividends, Compute the cash flows from operations using the indirect method if Star Corporation had $250,000 in net income, $30,000 in depreciation expense, a decrease of $20,000 in accounts receivable and an increase in bonds payable of $50,000. A. $250,000 B. $300,000 C. $310,000 D. $370,000 and more.The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Anthony J Cantone. 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 …

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 ...Cash in hand ₹ 50,000; Bank overdraft ₹ 1,90,000. Jan. 2: Purchased goods from Rajesh Kumar of the list price of ₹ 50,000 at 5% trade discount and payment made by cheque. Jan. 6: Goods sold for ₹ 80,000 and payment received by cheque. Cheque deposited into Bank on same day. Jan. 10: Goods purchased for cash ₹ ...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.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 ... Radio star Dave Ramsey recommends purchasing 10-12 times your income in coverage, although your number may differ based on your needs and budget. It would be reasonable to assume that buying a $50,000 term policy would be about half the cost of a $100,000 term life policy. But for people under 60, the difference between a 50k and 100k policy is ... The purchase discounts account is used under the net method of accounting for purchases. F 8. The sales account is used for the sale of all assets. F 9. Sales invoices relate to cash sales only, and credit memoranda relate to credit sales only. ... (by seller) Memo a. P 50,000 FOB shipping point P 2,500 P 5, b. 30,000 FOB destination 1,500 3, …

Septic air pump rebuild kit.

A balance sheet needs to be prepared due to following reasons: 1. To show the financial position of a business. 2. To show much assets and liabilities a business has. 3. It serves as an information source for internal and external users. 4. It acts as a reference for balances that need to be carried forward.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 ... A company purchased a machinery for र 50,000 on 1 st October, 2016. Another machinery costing र 10,000 was purchased on 1st December, 2017. On 31 st March, 2019 , the machinery purchased in 2016 was sold at a loss of 55,000 . The company charges depreciation @ 15 % p.a. on Diminishing Balance Method. Accounts are closed on 31 st …Cost of Goods Sold - COGS: Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in ...... purchased and payment history), digital network activity (interactions with ... Starting at $50,000 for ages 18 to 54. Starting at $25,000 for ages 55 to 85.

Date. Reporting Owner. Form. Trans. Shares. Owned. Security Name. 2/11/2014. Frost Gamma Investments Trust. 4. P-Purchase. 32000. 53331350. Common Stock. 2/11/2014 ...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).On 1st April, 2015, A Ltd. purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its erection. On 1st October, 2015 an additional machinery costing ₹ 1,00,000 was purchased. On 1st October, 2017, the machine purchased on 1st April, 2015 was sold for ₹ 1,43,000 and on the same date, a new machine was purchased at cost of ₹ 2,00,000.(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.Add : Opening value of W-I-P Less : Closing value of W-I-P 5,11,160 50,000 (24,000) Works / Factory Cost 5,37,160 Less : Realisable value on sale of scrap (5,000) Cost of Production Add : Opening stock of finished goods ... The joint cost of purchasing the crude vegetable oil and processing it were ` 40,000. Other details are as follows : Product Further …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.Mary purchases an increasing annuity immediate for 50,000 that makes 20 annual payments as follows: (i.) P, 2P, ...., 10P in years 1 through 10; (ii.) 10P (1.05), 10P …Inventory limited reported goods sales numbers this quarter. The Gross profit was reported as better than in the previous quarter. The company reported 230,000 as of the opening stock, 450,000 as closing stock, and 10,50,000 as net purchases. You are required to compute the cost of sales for inventory limited. Solution:

PURCHASES JOURNAL Comp Purchase Purchases Input tax A/P Cash Purchases Date from Debit Debit Credit Credit 6 BBB 70,000 8,400 78,400 12 DDD 35,000 4,200 39,200 13 XXX 40,000 4,800 44,800 25 FFF 45,000 5,400 50,400 Total 145,000 17,400 123,200 39,200 SALES JOURNAL 162,400 162,400 A/R Cash Sales Sales Output tax Date Sold to Debit Debit Credit ...

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 …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).Yes, Google is tracking your purchases, but this isn’t a new thing. Google’s collection mechanisms—information it pulls in from your Gmail—have been going on for some time. If this is your first time hearing about this mess, visit this page...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... 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 …(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.For a limited time, earn 50,000 bonus TrueBlue points on flight + hotel packages to Sandals & Beaches Resorts. ... Plus, earn TrueBlue points on every purchase.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 ...The threshold shall be applied on an individual asset or per item basis. Each item within the bulk acquisition such as library books, small equipment, computer peripherals, work animals, and the like, will need to meet the amount of below P50,000.00 to be recognized as semi-expendable property. For more information, please access:

Logic schema.

Garnett jones.

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. G purchased a $50,000 single premium, Straight Life Annuity 2 years ago. G has been receiving monthly payments from the annuity. When G dies, the insurer. Does not have …compared with ₹ 4,50,000 in 2014, and profit in 2015 was ₹ 42,000 higher than that in 2014. (i) At what level of sales does the company break-even? (ii) Determine profit or loss on a forecast sales volume of ₹ 8,00,000 (iii) If there is a reduction in selling price by 10% in …Indices Commodities Currencies Stocks4. Drip-feed your portfolio. One way to mitigate uncertainty is to remain committed to investing set amounts of money on a regular basis. So rather than invest £50,000 as one entire lump sum, you ...What will be the balance of Allowance for Bad Debts on December 31, 2017? A. $11600 B. $11520 c. $13600 D. $2000, Cash purchase of merchandise inventory J = General journal S = Sales journal CR = Cash receipts journal P = Purchases journal CP = Cash Payments journal, Collection of dividend revenue earned on an investment.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.(50,000). Administrative expenses (36,000 + (25,000 x 6/12) + (5,000/5 years ... Intra-group purchases. (20,000). Additional depreciation of plant (6,000/2 ...Purchases of commercial software packages 1,200,000 Returns and allowances 50,000 Purchase discounts taken 17,000 Purchases were made throughout the year on terms 2/10,n/30. All returns and allowances took place within purchase and prior to any payment on account.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. ….

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.Dec 20, 2022 · 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 ... 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 …The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Anthony J Cantone. 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 …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 ...THE INSTITUTE OF COST ACCOUNTANS OF INDIAThe 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 ... Corporate Financial Accounting. Accounting. ISBN: 9781305653535. Author: Carl Warren, James M. Reeve, Jonathan Duchac. Publisher: Cengage Learning. SEE MORE TEXTBOOKS. Solution for Goods totaling P 50,000 were purchased February 2 with terms of 2/10, n/30. Returns of P 10,000 were made on February 10. What discounts, if any….Mr. Pratt, who had once pledged $1 billion to fight climate change at the Clinton Global Initiative, was a relative latecomer to Mr. Trump’s corner. It was only after Mr. Trump won in 2016 that ... P purchases a 50000, 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., 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 ..., 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 …, 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. ... 50,000 0.9600 10,000 4.8000 48,000 10 1.0500 ..., 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., A share purchase right is an instrument that entitles the holder to purchase a specified number of shares at a specified price. A share purchase right is an instrument that entitles the holder to purchase a specified number of shares at a s..., Debit (P) Credit (P) May 3: Cash 500,000 Capital 500,000 (to record investment made) May 5: Purchase 50,000 Account payable 50,000 (to record purchase made on account) May 6: Account receivable 32,000 Sales revenue 32,000 (to record sales revenue) May 9: Office supplies: 3,000 Cash 3,000 (to record the purchase of office supplies), Radio star Dave Ramsey recommends purchasing 10-12 times your income in coverage, although your number may differ based on your needs and budget. It would be reasonable to assume that buying a $50,000 term policy would be about half the cost of a $100,000 term life policy. But for people under 60, the difference between a 50k and 100k policy is ... , 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 …, May 23, 2023 · Debit (P) Credit (P) May 3: Cash 500,000 Capital 500,000 (to record investment made) May 5: Purchase 50,000 Account payable 50,000 (to record purchase made on account) May 6: Account receivable 32,000 Sales revenue 32,000 (to record sales revenue) May 9: Office supplies: 3,000 Cash 3,000 (to record the purchase of office supplies) , 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., P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a. P250,000 b. P240,000 How much is the output vat? a. P27, 600 …, 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 …, Items in Inventory On December 31, Pitts Manufacturing Company reports the following assets: Cash $50,000 Raw materials $74,000 Work in process 176,000 Marketable securities 25,000 Equipment 950,000 Finished goods 150,000 Building 1,200,000 Goodwill 50,000 What is the total amount of Pitts' inventory at year-end? BUY. , A share purchase right is an instrument that entitles the holder to purchase a specified number of shares at a specified price. A share purchase right is an instrument that entitles the holder to purchase a specified number of shares at a s..., Purchase of Materials Rs. 50,000 Factory Wages Rs. 45,000 Factory Expenses Rs. 17,500 Establishment Expenses Rs. 10,000 Sales Rs. 2,00,000 The Company manufactured 4000 units during the year 2019. The company is required to quote for the price for supply of 1000 units during the year 2020. The cost of material will increase by 15% and factory labour …, Study with Quizlet and memorize flashcards containing terms like An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called, How does an indexed annuity differ from a fixed annuity?, T, age 70, withdraws cash from a ... , For complete coverage whenever you drive, consider buying a rideshare insurance policy or a rideshare endorsement. ... TCP0032513-P. We use cookies to secure, ..., Answer to Solved Suppose Stanley's Office Supply purchases 50,000, 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 ..., 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, 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.…, Present Value Of An Annuity: The present value of an annuity is the current value of a set of cash flows in the future, given a specified rate of return or discount rate. The future cash flows of ..., Click here👆to get an answer to your question ️ From the following information, calculate the value of goodwill of the firm:(i) At three years purchase of Average Profit.(ii) At three years purchase of Super Profit.(iii) On the basis of capitalisation of Super Profit.(iv) On the basis of capitalisation of Average Profit.Information:(a) Average Capital Employed is Rs. 6,00,000 .(b) Net ..., May 23, 2023 · Debit (P) Credit (P) May 3: Cash 500,000 Capital 500,000 (to record investment made) May 5: Purchase 50,000 Account payable 50,000 (to record purchase made on account) May 6: Account receivable 32,000 Sales revenue 32,000 (to record sales revenue) May 9: Office supplies: 3,000 Cash 3,000 (to record the purchase of office supplies) , The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Jeffry N Quinn. 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 made on ..., 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....., Work-in-process 68,000 50,000 Finished goods 79,000 40,000 Raw materials used in manufacturing during the year were $118,000. Raw materials purchases during the year were: a) $107,000 b) $115,000 c) $118,000 d) $121,000 6. Total manufacturing costs incurred do not include: a) Direct materials used b) Factory supplies used , 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 , 254 Accountancy : Company Accounts and Analysis of Financial Statements Cash Outflows from financing activities l Cash repayments of amounts borrowed. l Interest paid on debentures and long-term loans and advances. l Dividends paid on equity and preference capital. It is important to mention here that a transaction may include cash flows, 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., During the month of March, 2011, Nape Co. used P 300,000 of direct materials. At March 31, 2011, Nape’s direct materials inventory was P 50,000 more than it was at March 1, 2011. Direct material purchases during the month of March 2011 amounted to: a. P 0 b. P 250, c. P 300, d. P 350, Answer: B. Solution:, 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. What will the insurer pay to P's beneficiary?