SITUATION: Your team will purchase 10,000 kilograms of flour at Php120.00 per kilogram. It will then be repacked in containers of = kilogram each and be sold for Php40.00 per container. Your department 4. supervisors asked you to report the number of repacked flour to be sold and the fractional part that the gross profit represent as compared to the cost of purchasing the flour and to the total sales assuming all the repacked flours will be sold. PRODUCT, PERFORMANCE AND PURPOSE: The gross profit report must include the data on the following concerns given by the department supervisors: (a) the number of repacked flour to be sold; (b) the total sales; (c) the gross profit per pack; (d) the total gross profit; (e) the fractional part that the gross profit represents as compared to the cost of purchasing the flour; and (f) the fractional part that the gross profit represents as compared to the total sales. The report must be neat and presentable and must include correct and valid computations applying the concepts of fractions.

SITUATION: Your team will purchase 10,000 kilograms of flour at Php120.00 per kilogram. It will then be repacked in containers of = kilogram each and be sold for Php40.00 per container. Your department 4. supervisors asked you to report the number of repacked flour to be sold and the fractional part that the gross profit represent as compared to the cost of purchasing the flour and to the total sales assuming all the repacked flours will be sold. PRODUCT, PERFORMANCE AND PURPOSE: The gross profit report must include the data on the following concerns given by the department supervisors: (a) the number of repacked flour to be sold; (b) the total sales; (c) the gross profit per pack; (d) the total gross profit; (e) the fractional part that the gross profit represents as compared to the cost of purchasing the flour; and (f) the fractional part that the gross profit represents as compared to the total sales. The report must be neat and presentable and must include correct and valid computations applying the concepts of fractions.

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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