Question: Question Ref. No: 3222 AllHome Bhd. is a hardware retail company with financial year runs from January 1 through December 31. In 2017, A11Home Bhd.

Question Ref. No: 3222 AllHome Bhd. is a hardware retail company with financial year runs from January 1 through December 31. In 2017, A11Home Bhd. sold 30000 units of its product at a price of RM580 per unit. The company reported estimated sales returns and allowances in 2017 of RM240000. AllHome actually purchased 31000 units of its product from its manufacturer in 2017 at an average cost of RM480 per unit. Operating expenses (excluding depreciation) for All Home Bhd. in 2017 were RM410000 and depreciation expense was RM100,000. AllHome had RM2000000 in total debt throughout 2017. This debt carried an annual interest rate of 12%. Finally, AllHome tax rate was 40 %. FE, Sem 1 2018/2019 (1) net sales (11) cost of goods sold (111) interest expense (iv) amount of taxes paid (v) net profit (vi) the net profit margin ratio and choose from the list, your interpretation of the 1. gross profit per RM1 sale 2. net profit per RM1 sale 3. net profit per 200% sale 4. net profit per gross profit Format : 34260000 Format : 32600000 Format: 270000 Format : 407000 Format : 9208000 Format: 0.07 Format : 6
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
