JBC Ltd. sells goods on a gross profit of 25%. Depreciation of TZS 60,000 is considered as a part of administrative expenses. The following are the annual figures given to you: Sales (2 months credit) TZS 1,800,000 Materials consumed (1 months credit) 450,000 Wages paid (1 month lag in payment) 360, 000 Cash manufacturing expenses (1 month lag in payment) 480,000 Administrative expenses (1 month lag in payment) 120,000 Sales promotion expenses (paid quarterly in advance) 60,000 The company keeps one month's stock each of raw materials and finished goods. It also keeps TZS100,000 in cash. You are required

JBC Ltd. sells goods on a gross profit of 25%. Depreciation of TZS 60,000 is considered as a part of administrative expenses. The following are the annual figures given to you: Sales (2 months credit) TZS 1,800,000 Materials consumed (1 months credit) 450,000 Wages paid (1 month lag in payment) 360, 000 Cash manufacturing expenses (1 month lag in payment) 480,000 Administrative expenses (1 month lag in payment) 120,000 Sales promotion expenses (paid quarterly in advance) 60,000 The company keeps one month's stock each of raw materials and finished goods. It also keeps TZS100,000 in cash. You are required

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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