Ameena traders have reported annual sales of OMR 15000, Carriage inwards of OMR 1000, Sales discount of OMR 1000 and sales return of OMR 1500. Calculate net sales? a. OMR 15000 O b. OMR 12500 O c. OMR 10500 O d. OMR 11500

Q: Calculate Cost of goods sold from the following? Opening stock OMR 5000, Carriage outwards OMR 2000,…

A: Cost of goods sold = Opening stock + Purchases - Closing stock

Q: net sales is

A: Net Sales is the Revenue that is reported in the profit and loss account of the entity  The formula…

Q: HC4Q2. Based on following schedule Sales Rate Up to OMR 8000 5% OMR 8001- OMR 15000 8% OMR 15001 and…

A: Gross pay is amount earned by a person without making any deductions.

Q: Calculate Cost of goods sold from the following? Opening stock OMR 30000, Carriage outwards OMR…

A: The cost of goods sold is calculated as cost of goods that are sold during the period.

Q: Alaliya trading Company announces annual Sales of OMR 30000, Carriage inwards of OMR 2000, Sales…

A: The term sales revenue represents gross earnings generated by a business entity from selling goods…

Q: Gross profit would be

A: The gross profit is the profit which is calculated by subtracting the cost of goods sold from the…

Q: 6.Oman Biscuits Company SAOG has average inventory conversion period of 62.20 days, average payment…

A: Cash conversion cycle=  Avg Inventory conversation period+ average receivable period- avarsge…

Q: Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR…

A: Formula: Cost of goods sold = Opening stock + Purchases - Closing stock

Q: Financial information is presented below: Operating expenses $ 24000 Sales returns and allowances…

A: Net Sales = Sales revenue - Sales discounts - Sales returns and allowances Net Sales = 162000 - 3000…

Q: i need solution :

A: The objective of the question is to calculate the cost of goods sold (COGS) for the year 2021. COGS…

Q: Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR…

A: The cost of goods sold is calculated by adding the opening stock, purchases, and carriage inwards…

Q: Property, Plant, and Equipment (net) Total Assets Liabilities and Owner's Equity Current Liabilities…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR…

A: Calculation of cost of goods sold from the following::::: cost of goods sold=Opening…

Q: Sales Purchases Wages Stock as on 01 April 2020 Stock as on 31 March 2021 Freight inwards 18,00,000…

A: Difference between the Net sales and Gross profit is called cost of goods sold.

Q: What will be the effect of the following on Trade Receivable Turnover Ratio (DTR) and Inventory…

A: In the problem we will calculate the inventory Turnover Ratio form the given information in the…

Q: EE19.8 (LO 2) Vertical analysis (common-sizc) pereentages for Palau Company's salcs revenuc, cost of…

A: Vertical analysis means the analysis done with the common size income statement in which the data…

Q: Zion Ltd. has reported the following figures in their books of accounts. Sales of OMR 10000,…

A: Option a is correct.  Net sales = gross sales - sales return- sales discount = 10000-1000-1250 =…

Q: Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the…

A: Trend analysis is the tool to analyze the financial statements. It measures the proportion of each…

Q: Al Shifa trading co. reported the following figures in their books of accounts. Sales of OMR 20000,…

A: Net sales = Sales - Sales discount - Sales returns

Q: Calculate the missing values and express your answers rounded to two decimal places.     Cost…

A: For A: Selling price = $300 Mark up (MK) on cost = 25%…

Q: Question Three: Journalize the following selected transaction for Paradise Co. during July 2022 12th…

A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Q: Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR…

A: Formula: Deduction of closing stock from Opening stock and purchases derives the cost of goods sold.…

Q: Amira trading Co. reported the following figures in their books of accounts. Sales of OMR 40000,…

A: Sales = OMR 40000 Sale discount = OMR 5000 Sales return = OMR 4000

Q: Calculate the sale price (including VAT)

A: Purchase Cost = R7500 (excluding VAT) Mark up on Cost = 30% Profit = Cost x Mark up on cost = R7500…

Q: Given : Avarege trade receivables of a firm is 40.000 , average finished goods is 50.000 , cost of…

A: The trade receivables turnover ratio, also known as the accounts receivable turnover ratio, is an…

Q: LC3Q4.lf the Margin is 20 percent and cost of goods sold is OMR 33000, Calculate the sales figure?

A: Margin means the profit earned . cost means the cost incurred on purchasing the goods. Sales price…

Q: Current Year: Prior Year: Numerator: Trend Percent for Net Sales: 1 902 170, o Analysis period cost…

A: Lets understand the basics. Trend analysis is an analysis which compares base year against the…

Q: Sir, where are purchase return of 50000 being adjusted, just like sales return of 75000

A: Purchase return is the amount of goods which are returned to suppliers from whom goods are…

Q: which made a gross profit of OR 65000. Opening inventory was OR 24000 and the value of closing…

A: Sales =165000 Gross profit =65000 Opening inventory =24000 Closing inventory =21000 Decrease in…

Q: Inventory records for Marvin Company revealed the following: Cost Mar. 1 Beginning inventory 960…

A: Under FIFO method the oldest products in inventory have been sold first.

Q: D Traders purchased a product for R1 450 (excluding VAT). It was resold for R2 100 (excluding VAT…

A: Gross profit is an excess of revenue over the cost of goods sold.

Q: ABC company had net sales of RO 75000 and gross profit is RO 18750 in the year 2019. The net sales…

A: The cost of sales can be estimated as a % of sales.   In 2019 cost of sale was 75000-18750  = 57250…

Q: Sales $ 450000 ; Sales returns $ 50000 ; cost of goods sold $ 200000 Determine the values of Net…

A: Formula used: Gross profit = Net sales - cost of goods sold Deduction of cost of goods sold from net…

Q: Financial information is presented below: Operating expenses $ 60000 Sales returns and allowances…

A: Gross Profit is calculated by deducting cost of goods sold from the net sales Gross Profit = Net…

Q: Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR…

A: Introduction: Cost of goods sold: Deduction of Ending inventory from beginning inventory and…

Q: The amount of discount to be recorded if the invoice is paid within the discount period on a…

A: The cash discount would be calculated on the amount, after deducting the trade discount from list…

Q: Financial information is presented below: Operating expenses$51000Sales returns and…

A: Net sales revenue is the amount of sales revenue after deducting sales return & allowance and…

Q: Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR…

A: The cost of goods sold is the cost allocated to the goods sold to the customer. It is calculated by…

Q: Gross profit would be

A: Cost of goods sold is deducted from the net sales revenue to calculate the amount of gross profit.

Q: Perform the vertical Financial Statement Analysis of Income Statement

A: Vertical analysis of financial statements shows all items of income statement as a percentage of net…

Q: D Traders purchased a product for R1 450 (excluding VAT). It was resold for R2 100 (excluding VAT)…

A: Mark up on cost is indicates the percentage of markup value added by the trader on cost.

Q: Calculate gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return…

A: Costs incurred directly by a corporation for producing goods and services are known as cost of goods…