Calculate the following: APPLE Mark-up 25 Percent Sales N$ 50 000 Inventory 01.03.2019 N$ 13 800 Inventory 29.02.2020 N$ 7 450 Total Expenses N$ 9 500 Calculate: Gross Profit, Purchases, Cost of Sale and Net Profit?
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Calculate the following:
APPLE
Mark-up 25 Percent
Sales N$ 50 000
Inventory 01.03.2019 N$ 13 800
Inventory 29.02.2020 N$ 7 450
Total Expenses N$ 9 500
Calculate: Gross Profit, Purchases, Cost of Sale and Net Profit?
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- The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000calculate the following Apple Mark -up 25% sales 50 000 Inventory 01.03.2019 13 800 Inventory 29.02.2020 7 450 Total Expenses 9 500 Calculate: Gross profit, Purchases, Cost of Sales and Net ProfitCalculate the following: Company A Mark - up 25 percent Sales N$ 12 500 Inventory 01.04.2020 N$ 4 500 inventory 31.03.2021 N$ 3 800 Calculate: Gross Profit, Purchases and Cost of Sale. Company B Margin 20 Percent Purchases N$ 22 400 Inventory 01.06.2020 N$ 8 700 Inventory 31.05.2021 N$ 5 100 Calculate : Gross Profit, Sales and Cost of Sale. Company C Sale N$ 54 500 Gross Profit N$ 12 000 Calculate: Percentage Mark-up, Margin and amount of Cost of Sale
- Fill in the blanks : Sales Revenue $800 Beginning Inventory $100 Purchases $700 Available for Sale ? Ending Inventory $500 Cost of Goods Sold ? Gross Profit ? Operating Expenses $200 Net Income ?Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000. a. OMR 6000 b. OMR 5000 c. OMR 2000 d. OMR 4000Use the following information: Net sales Cost of goods sold $235,000 168,000 52,000 42,000 Beginning inventory Ending inventory a. Calculate the inventory turnover ratio. b. Calculate the average days in inventory. c. Calculate the gross profit ratio.
- APPLE Mark-up 25 Percent Sales N$ 50 000 Inventory 01.03.2019 N$ 13 800 Inventory 29.02.2020 N$ 7 450 Total Expenses N$ 9 500 Calculate: Gross Profit, Purchases, Cost of Sale and Net Profit?Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000.Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return inwards OMR 10000. a. OMR 10000 O b. OMR 30000 O c. OMR 20000 O d. OMR 90000
- A company shows the following balances: Sales Revenue $2962000Sales Returns and Allowances 402000Sales Discounts 60000Cost of Goods Sold 1350000 What is the gross profit rate? 46.0%58.0%54.0%66.0%2 The following figures are for the year 2020: Inventory 1.1.2020 $4000 Inventory 31.12.2020 6000 Purchases 52,000 A uniform rate of markup of 20% is applied. Required: Calculate the gross profit and the sales figures using the income statement approach.Given the information below, what is the gross profit? Sales revenue Accounts receivable Ending inventory Cost of goods sold Sales returns Multiple Choice $76,000 $197,000 $79,000 $106,000 $ 345,000 60,000 118,000 239,000 30,000