Calculate gross profit if rate of gross profit is 20 on sales and cost of goods is Rs 1, 20, 000 Calculate gross profit if rate of gross profit is 20 on sales and cost of goods is Rs 1, 20, 000 ...

solution If gross profit is 20 ...

Calculate gross profit if rate of gross profit is 20% on sales and cost of goods...

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

Question:

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Jan 04, 2021 02:24 AM

See More Questions

A machine with a useful life of 6 years and a residual value of $3,000 was purchased at the beginning of year 1 for $30,000. The machine was sold for $15000 on April 1 in year 4. (a). What was the...
A firm purchases machinery, which has an estimated useful life of 10 years and no salvage value , for $48,000 at the beginning of the accounting period. What is the adjusting entry for depreciation...
On January 1, 2014, Hatch Co. borrowed $270,000 cash from First Bank by issuing a five-year, 8 percent note. The principal and interest are to be paid by making annual payments in the amount of...
In the previous chapter we saw a two-factor experiment to test how microwave power and temperature affect popping. She chooses 3 levels of Power (low, medium, and high) and 3 Times (3 minute 4...
In the arrangement shown in Figure P18.21, an object can be hung from a string (with linear mass density μ = 0.002 00 kg/m) that passes over a light pulley. The string is connected to a vibrator...
A transmitter has failure rates as presented in Table 10-2. A proof test is performed every 5 years during a process shutdown. The proof test coverage is 92% and MTTRDD is 168 hours. After any...
Landry Radio Corporation is a subsidiary of Kandell Companies. Landry makes car radios that it sells to retail outlets. It purchases speakers for the radios from outside suppliers for $28 each....
2. Write a program in python to get the number from the user using GUI. Use 2 command buttons one to check whether the number is an amstrong number If the given number is a amstrong, display it is a...
a. Draw a UML class diagram that describes the Tablet Store's purchases and payments process. b. Using Microsoft Access, implement a relational database from your UML class diagram. Identify at least...
Rewrite the transformation T(x1, x2)=(3x1 + x2, 2x14x2) in column-vector form and find its standard matrix.
The pound spot rate is $1.40/ and the pound interest rate is 2%. The dollar and U.K. inflation rates are both 0% per annum. If a derivative (not a forward) contract that pays 1 in 1 year is currently...
From the perspective of business, what does it mean to be "out of stock"? What are some of the contributing factors that could lead to an "out of stock" result for a business or an organization? How...
Find Minimum Spanning Tree of the following data using kruskal's algorithm. Show all steps. (A,B)=3,(A,C)=3,(A,D)=2,(B,C)=2,(B,D)=1,(C,D)=2,(C,E)=1,(D,E)=2, (B,E)=2
n n n A house has a roof (20 m wide x 30 m long) of a design similar to the one shown in the figure. Thermal conductivity of the roof materials are as follows: plaster board k = 0.22...
Write a java program to display the output like given below Please enter the amount of sale in US dollars You have entered 200.0 dollars Your sale in SAR is 750.0 Hint: The amount can be in decimal 1...
MCI Board Analysis This time, you are on the internal side of the board meeting. As the CFO of MCI, and you must prepare a proposal for discussion at the next meeting of the board of directors. Based...
Outline some of the major problems confronting an international advertiser.
Your supervisor has asked you to research the following situation concerning Owen and Lisa Cordoncillo. Owen and Lisa are brother and sister. In May 2012, Owen and Lisa exchange business pickup...
Diego, age 28, married Dolores, age 27, in 2012. Their salaries for the year amounted to $46,479 and they had interest income of $3,500. Diego and Dolores' deductions for adjusted gross income...
If Charles, a 16-year-old child model, earns $50,000 a year and is completely self supporting even though he lives with his parents, can his parents claim him as a dependent? Why or why not?...
In 2025, Orasco SA had net sales of R$$600,000$ and cost of goods sold of R$$360,000. Operating$ expenses were R$$153,000,$ and interest expense was R$$7,500.$ The corporations tax rate is...
Gorton Ltd. has 30,000 shares of 10 par value ordinary shares outstanding when it announces a 2- for-1 share split. Before the split, the shares had a market price of 120 per share. After the split,...
The equity section of Ahab SA at December 31 is as follows. Instructions From a review of the equity section, as chief accountant, write a memo to the president of the company answering the following...

Calculate gross profit if rate of gross profit is 20% on sales and cost of goods...

Question:

Calculate gross profit if rate of gross profit is 20% on sales and cost of goods is Rs. 1, 20, 000. Calculate gross profit if rate of gross profit is 20% on sales and cost of goods is Rs. 1, 20, 000.

Expert Answer:

solution If gross profit is 20 ... View the full answer

Income Tax Fundamentals 2013

Students also viewed these accounting questions