What is the total profit of the retailer? (a) 115 (b) 275 (c) 440 (d) 875 The

Question:

What is the total profit of the retailer?

(a) £115

(b) £275

(c) £440

(d) £875

The following information applies to question.

The following are business transactions of a retailer:

Purchased 150 items of cost £4 each for cash.

Delivered 110 items to customers for cash at a selling price of £6.50 per item.

image text in transcribed

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Accounting

ISBN: 9781292244471

8th Edition

Authors: Pauline Weetman

See More Books

Question Posted: Mar 05, 2024 04:00 AM

See More Questions

"internet radios" for streaming audio, and personal video recorders and players. Describe design and evaluation processes that could be used by a start-up company to improve the usability of such...
software projects failed. In the run-up to Y2K, most of the world's large companies claimed that fixing the Millennium Bug was a large project whose success was critical to their survival. One would...
What is the value of the closing inventory (stock) of the retailer? (a) Nil (b) 160 (c) 275 (d) 440 The following information applies to question. The following are business transactions of a...
Solve the system of equations by substitution. Sx+ y=0 2x + 3y = -7 x = 6, y = -6; (6, -6) x = 7, y = -7; (7, -7) x = -6, y = 6; (-6, 6) x= -7, y = 7; (-7, 7)
Why are foreign investors more likely to invest in U.S. government bonds than in U.S. corporate stocks and bonds?
Describe the three main functions of a business plan.
Two residents of California filed a lawsuit against Hertz Corporation on behalf of a group of people arguing that the companys labor practices were illegal. The corporation was labeling workers as...
Bob Farrell, owner of Farrell Motors, is trying to decide whether to buy an insurance policy to cover hail damage on his inventory of more than 200 cars and trucks. Thunderstorms occur frequently,...
1. Suppose that x1,. ,...,xk+1 is a circuit of length k in a graph G (x = xk+1) of length 3 or greater (k 3). Suppose as well that the circuit does not repeat edges (ie xx+1 xjxj+1 for i j). Show...
What is the amount of total sales of the manufacturer? (a) 900 (b) 1,100 (c) 1,760 (d) 2,400 The following information applies to question. A manufacturing company has carried out the following...
What is the total cost of goods sold by the retailer? (a) 440 (b) 600 (c) 715 (d) 875 The following information applies to question. The following are business transactions of a retailer: Purchased...
A random variable X has a cumulative distribution function (a) Find the constants a and b. (b) Find the pdf f (x). (c) Find P(1 if x <0 0, ={ ax+b, if 0
1. Write a C++ program asking the user to enter a number between 1 and 100. Validate the input. Use a while loop and a counter to print the first 20 multiples of that number. Sample run of program:...
The algorithm strategy will generally give the worst experience among below? Dynamic programming greedy brute force divide and conquer
:Why is the following program fragment? explain breifly O(N) for: for(i = 0; i
Let P(x) denote "x + 225", find the truth values for the following compound propositions: a) b) c) P (1) V P(-2) P (4) AP (3) P (X) VP (2)
Suppose a program consists of 40% floating point multiply instructions, 30% floating point divide instructions, and the remaining 30% are other instructions. In the latest processor manufactured by...
Configurational heat capacity derive an expression in terms of P(T) for the heat capacity associated with order/disorder effects in an AB alloy. [The entropy (8) is called the Configurational entropy...
Tarick Toys Company manufactures video game consoles and accounts for product costs using process costing. The following information is available regarding its June inventories. The following...
Which of the following errors would be detected at the point of listing a trial balance? (a) The bookkeeper enters a cash sale as a debit of 49 in the cash book and as a credit of 94 in the sales...
On 1 May the Sea Traders Company purchased 200 spare parts for fishing boats, costing 20 each. On 5 May, 60 of these spare parts were sold to a customer at a price of 25 each. The customer paid in...
On 1 May the Sea Traders Company purchased 200 spare parts for fishing boats, costing 20 each. On 5 May, 60 of these spare parts were sold to a customer at a price of 25 each. The customer paid in...
Explain Suppose the government grants $2,500 per child to households that have more than two children. Draw a graph and explain whether these child allowances influence the fertility behavior of...
What are NoSQL technologies? Explain with example and reference.
India's trade deficit has risen by almost 88% in financial year 2022. While total exports increased, imports too soared to a great extent. Analyze the impact of this trade deficit on the balance of...

What is the total profit of the retailer? (a) 115 (b) 275 (c) 440 (d) 875 The

Question:

Step by Step Answer:

b Profit is 275 1 2 3 Transaction or event Purchase goods paying in cash 150 it...View the full answer

Financial Accounting

Students also viewed these Business questions