(c) Cost of goods available for sale 4,00,000, Total Sales 3,20,000, Opening stock of goods 80,000,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
(c) Cost of goods available for sale 4,00,000, Total Sales 3,20,000, Opening stock of goods 80,000, Gross Profit Margin 25%. Calculate the Closing stock of goods. [3 Marks] (c) Cost of goods available for sale 4,00,000, Total Sales 3,20,000, Opening stock of goods 80,000, Gross Profit Margin 25%. Calculate the Closing stock of goods. [3 Marks]
Expert Answer:
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date:
Students also viewed these accounting questions
-
Find the cost of goods available for sale using the following table: Date of purchase Beginning inventory March 12 April 3 May 5 Units purchased 26 32 29 25 Cost per unit $10 S13 $9 S12
-
The cost of goods available for sale is allocated to the cost of goods sold and the a. beginning inventory. b. cost of goods purchased. c. gross profit. d. ending inventory.
-
Each period, the Cost of Goods Available for Sale is allocated between a. Assets and Liabilities. b. Assets and Expenses. c. Assets and Revenues. d. Expenses and Liabilities.
-
On 1 June 2019, Manchester United Ltd bought 48 million ordinary shares in Chelsea FC Ltd paying GHS 280 million cash. The summarised statement of financial position for the two entities as at 31...
-
Mayberry Company has two fringe benefit plans for its employees: 1. It grants employees 2 days vacation for each month worked. Ten employees worked the entire month of March at an average daily wage...
-
Consider the closed-loop second-order system y = [2 0]x + [0]µ. Compute the sensitivity of the closed-loop system to variations in the parameter K. 0 3 5
-
Modify Table 11-1 by indicating if each specific control procedure listed there is preventive (P), detective (D), or corrective (C) in nature. Table 11-1 Threats and Controls in the Expenditure Cycle...
-
This is a comprehensive project evaluation problem bringing together much of what you have learned in this and previous chapters. Suppose you have been hired as a financial consultant to Defense...
-
How do you display hyperlinks without an underline? Choice 1 of 4 :a { text - decoration:no - underline; } Choice 2 of 4 :a { underline:none; } Choice 3 of 4 :a { decoration:no - underline; } Choice...
-
6. Write an SQL script that does the following and save this script as CIS276DA_FinalExercise6_MEID.sql . Save the output of this script as CIS276DA_FinalExercise6_MEID.csv Your results should...
-
Consider an economy with two consumers A and B, one generic private good, and one public good. Each consumer has an income M. Additionally the consumer's utility functions is: U = log(x) + log(G)...
-
Peter puck company, beginning work in process , 0 units, unit transffered out 87,000. units in ending work in process 23000,which are 40% complete of conversion cost , material are added only at the...
-
Two blocks a and b connected to each other by a string. a constant upward force F = 6 0 N , is applied to block A as shown below. Starting from rest, block B descends by 7 . 8 m in 4 . 2 s . The...
-
Your clients,Bruce and Sheila,run a small business as a partnership together and they would like your advice on contributing to superannuation. Bruce earns $65,000and Sheila earns$35,000. What is the...
-
One of your MRO suppliers has approached you with solid evidence that its costs have risen, and market prices for MRO have also risen. You investigate this and find out that it is true. For safety...
-
Create a flow chart for the salary system with the following data given below. Sl. No. Name 1 2 Farhad Saikat Region Central Central Southern 72000 3 Shaguptha Shamim Southern 66000 4 5 6 7 8 Mahmuda...
-
A hypothesis testing was performedto decide if the sample data support the claim. Ho: support the claim. Ha: opposite to the claim. This is Left-Taled test with the significance level 10% (0.10)....
-
CdF2 (s) Cd+ (aq) + 2 F- (aq) 1. A saturated solution of CdF2 is prepared. The equilibrium in the solution is represented above. In the solution [Cd+] eq = 0.0585 M and [F-] eq = 0.117 M. a....
-
Sam and Jane Crawford had a baby in 1998. At the end of that year they began putting away $2,000 a year at 10% annual interest for a college fund. How much money will be in the account when the child...
-
Edna's Book Carousel ordered several cookbooks and received 12. The shipping invoice indicated that 6 books would be shipped later. What was the original number of books ordered?
-
From Table 5 - 2, 1.0000 USD is equivalent to 0.011126 JPY. Use a proportion to convert 250 USD to the equivalent amount of JPY currency? TABLE 5-2 Currency Exchange Rate Table Curreney names British...
-
Consider a publicly held company whose products you are familiar with. Some examples might include: Access the companys public website and search for its most recent annual report. (Some companies...
-
The 2014 financial statements of LVMH Moet Hennessey-Louis Vuitton S.A. are presented in Appendix C of this book. LVMH is a Paris-based holding company and one of the worlds largest and best-known...
-
What is the purpose of the materials requisition?
Study smarter with the SolutionInn App