Given cost of goods sold 16,000 and margin of 20 per cent, then sales figure is (A)
Question:
Given cost of goods sold £16,000 and margin of 20 per cent, then sales figure is
(A) £20,160
(B) £13,600
(C) £21,000
(D) £20,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
To calculate the sales figure you can use the formula Sa...View the full answer
Answered By
Owino Otieno
My proficiency as a tutor lies in my ability to understand and respond to questions, provide explanations, and offer detailed information on various topics. I can help with academic subjects such as mathematics, science, history, literature, and more. I can also provide assistance with writing, proofreading, and language learning.
I am capable of adapting to different learning styles and can present information in a clear and concise manner. I can break down complex concepts into simpler terms, provide examples and illustrations, and engage in interactive discussions to enhance the learning experience. Additionally, I can offer guidance on problem-solving strategies, critical thinking, and exam preparation.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
The following information refers to the non-current assets on Dubley Ltd for the year ended 31 December 2022. Land (purchased on 01 January 2022) $1,600,000 Office building thereon (purchased on 01...
-
Mr. Boss was the major shareholder and a director of Housing Construction Limited, a private limited company specializing in middle to low income housing development. Mr. Boss worked for the company...
-
In Exercises 60-64, use the diagram at the right. Name a pair of opposite rays. P Q A E C B D
-
Recognition accuracy that measures the percentage of orders that are taken correctly is 86.8%. Suppose that you place order with the bot and two friends of yours independently place orders with the...
-
Appling Enterprises issued 8% bonds with a face amount of $400,000 on January 1, 2011. The bonds sold for $331,364 and mature in 2030 (20 years). For bonds of similar risk and maturity the market...
-
Every year, the Bureau of Labor Statistics administers a survey of American households called the American Time Use Survey. Respondents are asked to report their activities during an entire 24-hour...
-
A negatively charged particle located at the origin of an \(x y z\) coordinate system is spinning clockwise about the \(x\) axis (that is, clockwise when you look at the particle while standing...
-
The Welding Department of Thorpe Manufacturing Company has the following production and manufacturing cost data for February 2012. All materials are added at the beginning of the process....
-
Question 11pts The APRN unit director is working at an agency that has a high incidence of medication errors, specifically with heparin. One recent error had a patient receive twice the prescribed...
-
If cost price is 90 and selling price is 120, then (i) Mark-up is 25 per cent (ii) Margin is 33 1 /3 per cent (iii) Margin is 25 per cent (iv) Mark-up is 33 1 /3 per cent (A) (i) and (ii) (B) (i) and...
-
In a Sales Ledger Control Account the Bad Debts written off should be shown in the account (A) As a debit (B) As a credit (C) Both as a debit and as a credit (D) As a balance carried down
-
Read Eye on Elasticity at the Coffee Shop on p. 125 then use the following data about Elles Espresso Bar to work. When Elles Espresso Bar increased its prices by 10 percent, the quantity of coffee...
-
Freeman Company issues, 2 0 1 0 year 8 % , 1 0 0 0 bond dated January 1 at 9 6 entry to journalize that silence will include ?
-
The financial statements of Heatwave Athletic Wear Include the following selected data ($ In millions): Sales, $22,500; Net Income, $900; Beginning stockholders' equity, $3,500; Ending stockholders'...
-
A mass 1 = 1 0 0 1 = 1 0 0 g is hanging from a spring of stiffness k ( ( ( in N / / / m ) . ) . ) . The system initially vibrates at f 1 = 1 0 = 1 0 kHz but then picks up an extra mass m and vibrates...
-
Simplify: ww15 Provide your answer below:
-
Final Company the following information as of December 31st, 2020 before closing Cash $500 Notes payable $1200 Common stock $900 OCI $150 - AOCI $500 Retained earnings $500 What is the total amount...
-
Visit the corporate websites for the following firms. How would you characterize the corporate strategies of these companies? Are they following a strategy of limited diversification, related...
-
Carlton Stokes owns and operates a car-detailing business named SuperShine & Detailing. For $150, Carltons business will hand wash and wax customers cars, vacuum the interior, and thoroughly clean...
-
What happens in a typical business-to-consumer transaction?
-
Compared with businesses operating in a traditional trading environment, what advantages concerning receipt of payment can you see for a business operating in a B2C environment?
-
Compared with businesses operating in a traditional trading environment, what advantages concerning receipt of payment can you see for a business operating in a B2C environment?
-
Why did it needed planning and implementing IT in supply chain? Explain the IT initiatives. Discuss the various challenges faced during implementation of trio IT packages.
-
Filamentous Saccharopolyspora erythraea bacteria are grown in medium containing glucose as the carbon source, ammonia as the nitrogen source, and sulphate as the sulphur source. No major products...
-
NORDSTROM CASE Below is data collected from Nordstrom's 10-K for FY21, FY20, and FY19 of which I input the TOTALS for all assets and liabilities. 1) Insert the amounts under either the operating or...
Study smarter with the SolutionInn App